Overview
- Meta has confirmed a $14.3 billion investment to acquire 49% of Scale AI, valuing the startup at $29 billion.
- Scale AI prepares training data for major AI developers and government agencies, underpinning advances in large generative models.
- Alexandr Wang will report to Mark Zuckerberg as he leads Meta’s new team focused on developing superintelligence while remaining on Scale AI’s board.
- Tech investor Jason Droege is set to succeed Wang as chief executive of Scale AI after Wang’s transition to Meta.
- The transaction marks Meta’s second-largest investment after the 2014 WhatsApp acquisition and underscores its dual-track AI strategy as the company faces potential US antitrust review.