Overview

• Meta closed a $14.3 billion deal on June 11 to acquire a 49% nonvoting stake in Scale AI
• Google, OpenAI and xAI have paused or halted data-labeling contracts since the investment announcement
• Interim CEO Jason Droege reassured stakeholders that Scale AI remains operationally independent and will not share client data
• Founder Alexandr Wang and select Scale AI employees have joined Meta to lead its new superintelligence lab
• One investor is selling its remaining stake amid concerns that lost Big Tech contracts could outweigh Meta’s backing