Meta, Scale
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Meta is making its first major minority investment in an outside company as it tries to catch up to a growing field of artificial intelligence rivals.
Meta Platform Chief Executive Mark Zuckerberg’s efforts to shape up the company’s artificial-intelligence ambitions took a step forward with an investment in ScaleAI and the poaching of its founder.
With Scale AI founder and CEO Alexandr Wang headed to Meta for high-profile role in artificial intelligence, the startup is promoting its strategy head.
In a strategic move, Meta invests $14.3 billion in Scale AI, taking a 49 per cent stake in the data-labelling startup. Scale's CEO Alexandr Wang will play a key role in shaping Meta's AI future, particularly in superintelligence.