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Meta has reportedly invested $14.3 billion in Scale AI for a 49% stake, valuing the data-labeling firm at $29 billion. As part of the deal, Scale AI CEO Alexandr Wang is stepping down to join Meta, where he will lead a new superintelligence team, while retaining a seat on Scale’s board.
Jason Droege, the company’s Chief Strategy Officer, will serve as interim CEO. Meta confirmed the strategic partnership, which will focus on enhancing AI training data efforts. Although the stake is significant, Scale will remain an independent company.
The move underscores Meta’s urgency to catch up in the AI race.
Source: Reuters
Image: CNBCMeta has reportedly invested $14.3 billion in Scale AI for a 49% stake, valuing the data-labeling firm at $29 billion. As part of the deal, Scale AI CEO Alexandr Wang is stepping down to join Meta, where he will lead a new superintelligence team, while retaining a seat on Scale’s board. Jason Droege, the company’s Chief Strategy Officer, will serve as interim CEO. Meta confirmed the strategic partnership, which will focus on enhancing AI training data efforts. Although the stake is significant, Scale will remain an independent company. The move underscores Meta’s urgency to catch up in the AI race. Source: Reuters Image: CNBC
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