Meta invests $14.3 billion in Scale AI, poaches CEO in major AI push
TL;DR Summary
Meta has finalized a $14.3 billion investment to acquire a 49% stake in Scale AI, valuing the startup at $29 billion, with CEO Alexandr Wang joining Meta to lead its AI strategy, signaling a strategic move to enhance its AI capabilities and gain insights into competitors' data priorities.
- Meta finalizes $14.3 billion investment in Scale AI, sources say, poaching CEO Wang Reuters
- Scale AI's Alexandr Wang confirms departure for Meta as part of $14.3 billion deal CNBC
- Scale AI Gets Meta Investment That Values It at More Than $29 Billion WSJ
- Is Meta really spending $15 billion to hire a 28-year-old? Business Insider
- Meta Invests $14.3 Billion in Scale AI to Kick-Start Superintelligence Lab The New York Times
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