In a strategic move, Meta invests $14.3 billion in Scale AI, taking a 49 per cent stake in the data-labelling startup.

Meta has finalized its $14.3 billion investment in Scale AI, which now values the startup that provides other companies with data labeling and model evaluation services for AI training at $29 billion.

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Meta said Thursday it is making a large investment in artificial intelligence company Scale and recruiting its CEO Alexandr Wang to join a team developing “superintelligence” at the tech giant. The ...

As part of the deal, Wang will report directly to Meta CEO Mark Zuckerberg, the company announced on Thursday. He will lead a new AI lab inside Meta tasked with building “superi ...

Meta is investing $14.3 billion for a 49% stake in Scale AI and has hired its CEO, Alexandr Wang, to lead a new AI superintelligence lab.

Meta has finalized a huge $14.3 billion investment in Scale AI, a fast-growing company that builds tools to train AI systems. The tech firm now has a 49% non-voting stake in Scale AI after investing a ...

Mark Zuckerberg's biggest bet on Meta AI will ride on the back of a fellow dropout who has dazzled Silicon Valley over the last decade.