Meta has finalized a $14.3 billion purchase of a 49% stake in data labeling startup Scale AI, according to sources familiar with the matter.

The social media giant is getting CEO Alexandr Wang in a $14.3 billion deal with Scale AI, as it plans to build out ‘superintelligent’ systems.

Meta Platforms (NASDAQ:META), the parent of Facebook, has made a bold $14.8 billion move by acquiring a 49% nonvoting stake in data-labeling startup Scale AI. The investment, Metas second-largest to date,

As part of the deal, Scale AI’s CEO will take a top position inside Meta, leading a new “superintelligence” lab, according to the report.

Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg’s journalists around the world. Today, Jackie Davalos reports on Big Tech’s “acqui-hire” strategy for artificial intelligence that is drawing scrutiny from regulators.

Meta considers a $15B stake in Scale AI, per The Information, aiming to boost its AI efforts and accelerate "superintelligence" development

Facebook owner Meta's $14.8 billion investment in Scale AI and hiring of the data-labeling startup's CEO will test how the Trump administration views so-called acquihire deals, which some have criticized as an attempt to evade regulatory scrutiny.

Here’s what you need to know about the deal, what its implications may be, and why Wang is of such interest to Zuckerberg’s sprawling digital content company. Wang dropped out of MIT in his freshman year to co-found Scale with social media influencer and engineer Lucy Guo.

Meta Platforms has reportedly agreed to purchase a 49% stake in Scale AI, a US-based AI startup, for $14.8bn. The deal was reported first by The Information, which cited sources familiar with the matter.

Meta META is reportedly preparing to invest more than $10 billion in Scale AI, a startup providing high-quality labeled data to companies building next-generation AI models, including OpenAI and Microsoft MSFT. If finalized, the deal would rank among the largest private funding rounds in tech history, Bloomberg reports.

(Reuters) -Meta has finalized a $14.3 billion purchase of a 49% stake in data labeling startup Scale AI, according to sources familiar with the matter. Scale AI said late on Thursday that the deal would value it at $29 billion and that the startup's chief executive,