Meta Buys 49% of Scale AI, CEO Alexandr Wang to Lead AI Efforts at Meta
In a strategic move to boost its artificial intelligence capabilities, Meta has invested $14.3 billion for a 49% stake in Scale AI, a top-tier data-labeling firm vital to training large language models. This significant investment pushes Scale AI’s valuation to $29 billion.
With the deal confirmed on June 13, Scale AI’s CEO and co-founder Alexandr Wang is stepping down to join Meta, where he’ll work on the company’s superintelligence initiatives. Meta, which lags behind OpenAI and Google in releasing AI models, sees this as a critical step in accelerating its AI innovation.
Wang will remain involved with Scale AI as a board director, while Jason Droege, the current Chief Strategy Officer, will serve as interim CEO. Despite the shift, Scale AI will remain an independent company.https://www.bizmart.tech/1007/tech/top-us-ai-startups-2025-funding/
Meta’s funding will support the company’s growth and offer liquidity to early investors. The partnership deepens existing collaborations between the two firms, which have already been instrumental in generating high-quality datasets for cutting-edge AI systems.https://www.bizmoarena.com/1929/amazon-debuts-nova-premier-its-most-advanced-ai-model-yet/
The move follows a broader trend where AI firms like Scale are hiring seasoned engineers and researchers to create premium data for model training—ensuring that Meta stays competitive in the fast-moving AI race.https://www.youtube.com/shorts/uCgTswUSSMA
