97 Sources
[1]
Meta beefs up disappointing AI division with $15 billion Scale AI investment
Meta has invested $15 billion into data-labelling start-up Scale AI and hired its co-founder Alexandr Wang, as part of its bid to attract talent from rivals in a fiercely competitive market. The deal values Scale at $29 billion, double its valuation last year. Scale said it would "substantially
[2]
Meta reportedly in talks to invest billions of dollars in Scale AI | TechCrunch
Meta is discussing a multi-billion dollar investment in Scale AI, according to Bloomberg. In fact, the deal value could reportedly exceed $10 billion, making it the largest external AI investment for the Facebook parent company and one of the largest funding events ever for a private
[3]
Can Scale AI and Alexandr Wang reignite Meta's AI efforts? | TechCrunch
Meta is reportedly investing nearly $15 billion dollars in the data labeling firm Scale AI and taking a 49% stake in the startup, while also bringing on CEO Alexandr Wang to help lead a new "superintelligence" lab within the company. The deal is reminiscent of Meta's previous large and risky bets,
[4]
Scale AI confirms 'significant' investment from Meta, says CEO Alexanr Wang is leaving | TechCrunch
Data-labeling company Scale AI confirmed on Friday that it has received a "significant" investment from Meta that values the startup at $29 billion. The startup also said its co-founder and CEO Alexandr Wang is stepping down from his role to join Meta and help the bigger company with its AI
[5]
Scale AI confirms 'significant' investment from Meta, says CEO Alexandr Wang is leaving | TechCrunch
Data-labeling company Scale AI confirmed on Friday that it has received a "significant" investment from Meta that values the startup at $29 billion. The startup also said its co-founder and CEO Alexandr Wang is stepping down from his role to join Meta and help the bigger company with its AI
[6]
New details emerge on Meta's $14.3B deal for Scale
Meta's deal to partially acquire the AI startup Scale, giving it 49% ownership, is certainly unusual. What Scale officially announced is that the deal values the company at over $29 billion and that it will "distribute" proceeds to shareholders and vested equity holders (aka employees) granting
[7]
Meta is reportedly making a $15 billion bet on AGI
Zuckerberg is said to be buying nearly half of Scale AI -- and recruiting the company's CEO, too 27; y='0' width='100%25' height='100%25'/%3E%3CfeComposite operator='out' in='s'/%3E%3CfeComposite in2='SourceGraphic'/%3E%3CfeGaussianBlur stdDeviation='20'/%3E%3C/filter%3E%3Cimage width='100%25'
[8]
Meta prepares to launch research lab aimed at 'superintelligent' AI - report
The company is also apparently in talks to invest more than $10 billion in Scale AI. The most powerful tech leaders in Silicon Valley have been racing to build artificial general intelligence (AGI), a theoretical computer that, as some would define it, can outperform humans across every
[9]
Meta is paying $14 billion to catch up in the AI race
Scale works with Google, OpenAI, and others to help train their models by having humans annotate and label the data that feeds them. Most of that work is done through low-cost labor outside of the US, and it has become a critical component of AI development. With Wang going to Meta, Scale is naming
[10]
Meta Set to Throw Billions at Startup That Leads AI Data Market
Three months after the Chinese artificial intelligence developer DeepSeek upended the tech world with a model that rivaled America's best, a 28-year-old AI executive named Alexandr Wang came to Capitol Hill to tell policymakers what they needed to do to maintain US dominance. The US, Wang said at
[11]
Meta Announces Scale AI Investment, Recruits CEO to AI Unit
Meta Platforms Inc. said it finalized a multibillion-dollar investment in Scale AI and recruited the startup's chief executive officer to help oversee its artificial intelligence efforts -- an unusual deal that signals a heightened push by the social media giant to catch up on AI development. Meta
[12]
Meta offering $10m a year-plus for scarce AI talent: Source
Exclusive Meta has made lavish and lucrative offers to a select set of AI researchers in an effort to develop superintelligent AI. CEO Mark Zuckerberg himself has taken to emailing job offers to elite talent. One AI researcher told us Zuckerberg offered them an eight-figure salary - at least
[13]
Meta in talks over Scale AI investment that could exceed $10 billion, Bloomberg reports
June 8 (Reuters) - Meta Platforms (META.O), opens new tab is in talks to make an investment that could exceed $10 billion in artificial intelligence startup Scale AI, Bloomberg News reported on Sunday. The terms of the deal were not yet finalized and could still change, the report said, citing
[14]
Meta to pay nearly $15 billion for Scale AI stake, The Information reports
June 10 (Reuters) - Meta Platforms (META.O), opens new tab has agreed to take a 49% stake in artificial intelligence startup Scale AI for $14.8 billion, The Information reported on Tuesday, citing two people familiar with the matter. Founded in 2016, Scale AI provides vast amounts of labeled data
[15]
Meta plans to invest $15bn in Scale AI as it bids to eclipse rivals
Meta plans to invest about $15bn in data-labelling start-up Scale AI and hire the group's co-founder and top researchers, in one of the biggest deals of its kind as the Big Tech company seeks to catch up with rivals. The deal, which could be announced as soon as Wednesday, would give Meta a 49 per
[16]
Meta finalizes investment in Scale AI, valuing startup at $29 billion
June 12 (Reuters) - Meta Platforms (META.O), opens new tab has finalized an investment in Scale AI that values the startup at over $29 billion, Scale AI said on Thursday. Scale CEO and co-founder Alexandr Wang will join Meta to work on its AI efforts, with Scale's chief strategy officer, Jason
[17]
Meta invests $15bn in Scale AI, doubling start-up's valuation
Meta has invested $15bn into data-labelling start-up Scale AI and hired its co-founder Alexandr Wang, as part of its bid to attract talent from rivals in a fiercely competitive market. The deal values Scale at $29bn, double its valuation last year. Scale said it would "substantially expand" its
[18]
Meta's Scale AI stake buyout spotlights other major deals amid regulatory risks
June 12 (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, Alexandr Wang, would
[19]
OpenAI to continue working with Scale AI after Meta deal
PARIS, June 13 (Reuters) - OpenAI plans to continue working with Scale AI after rival Meta (META.O), opens new tab on Friday agreed to take a 49% stake in the artificial intelligence startup for $14.8 billion, OpenAI's CFO Sarah Friar told the VivaTech conference in Paris. Scale AI provides vast
[20]
Exclusive: Google, Scale AI's largest customer, plans split after Meta deal, sources say
SAN FRANCISCO, June 13 (Reuters) - Alphabet's (GOOGL.O), opens new tab Google, the largest customer of Scale AI, plans to cut ties with Scale after news broke that rival Meta (META.O), opens new tab is taking a 49% stake in the AI data-labeling startup, five sources familiar with the matter told
[21]
Meta's $14.8 billion Scale AI deal latest test of AI partnerships
June 13 (Reuters) - Facebook owner Meta's (META.O), opens new tab $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. The
[22]
Zuckerberg makes his biggest AI bet as Meta nears $14 billion stake in Scale AI, hires founder Wang
Mark Zuckerberg arrives before the inauguration of Donald Trump as the 47th president of the United States takes place inside the Capitol Rotunda of the U.S. Capitol building in Washington, D.C., Monday, Jan. 20, 2025. Mark Zuckerberg is so frustrated with Meta's standing in artificial
[23]
Scale AI plans to promote strategy chief Droege to CEO as founder Wang heads for Meta
Scale AI plans to promote Chief Strategy Officer Jason Droege to serve as its new CEO, with founder Alexandr Wang heading to Meta as part of a multibillion-dollar deal with the company, CNBC has confirmed. Meta is finalizing a $14 billion investment into artificial intelligence startup Scale AI,
[24]
Meta invests in AI firm Scale and recruits its CEO for 'superintelligence' team
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 move reflects a push by Meta CEO Mark Zuckerberg to revive AI efforts at the parent company of
[25]
Scale AI's Alexandr Wang confirms departure for Meta as part of $14.3 billion deal
Alexandr Wang, CEO of ScaleAI speaks on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 23, 2025. Scale AI founder Alexandr Wang told employees in a memo on Thursday that he's leaving for Meta, confirming reports from earlier in the week about his departure and a
[26]
Meta invests $14.8 billion in Scale AI and recruits its CEO
Alexandr Wang will reportedly lead Meta's 'AI Superintelligence' team. 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. As part of the deal, Scale
[27]
Meta in Talks to Invest in Scale AI
Meta, which owns Facebook and Instagram, is in advanced talks to invest billions of dollars in Scale AI, a start-up focused on data used by artificial intelligence companies, according to two people with knowledge of the matter. The potential investment is a sign that large tech companies remain
[28]
Meta Invests Nearly $15 Billion in Scale AI to Kick-Start Superintelligence Lab
The DealBook Newsletter Our columnist Andrew Ross Sorkin and his Times colleagues help you make sense of major business and policy headlines -- and the power-brokers who shape them. Get it sent to your inbox. Meta said on Thursday that it planned to invest nearly $15 billion in Scale AI, a
[29]
Meta Is Building a Superintelligence Lab. What Is That?
The DealBook Newsletter Our columnist Andrew Ross Sorkin and his Times colleagues help you make sense of major business and policy headlines -- and the power-brokers who shape them. Get it sent to your inbox. On Thursday, Meta unveiled a $14.3 billion investment and partnership that will be the
[30]
Meta invests $14.8 billion in Scale AI to accelerate superintelligence ambitions
Editor's take: Big tech companies are locked in a fierce race to develop artificial intelligence that matches or exceeds human intelligence - a breakthrough with the power to transform industries and society. Meta's new partnership with Scale AI underscores just how urgent and high-stakes this
[31]
Meta takes $15 billion stake in Scale AI in bid to catch competitors
The deal, which could be announced as soon as Wednesday, will give Meta 49 percent stake in the AI startup. Meta has agreed to pay $14.8 billion for a 49 percent stake in the AI data firm Scale AI in one of the biggest acquisitions the social media giant has made since its 2014 deal to buy
[32]
Meta joins the rush for superintelligence
To catch up, Zuckerberg is prepared to open up his significant wallet to hire -- or acqui-hire -- the talent he needs. Zoom in: Scale itself would likely continue its current work, albeit without Wang and some other top talent. Between the lines: Meta is hoping to woo leading AI researchers by
[33]
Meta takes $15 billion stake in Scale AI
Meta has finalized a deal to pay around $15 billion for a 49% stake in Scale AI, a company best known for providing the human labor needed to label data used in the creation of AI models, sources told Axios. Why it matters: The deal will help transform Meta's AI efforts, but also raises big
[34]
Meta to announce $15bn investment in bid to achieve computerised 'superintelligence'
Mark Zuckerberg expected to announce Meta will buy 49% stake in Scale AI as race to dominate AI market speeds up Meta is to announce a $15bn bid to achieve computerised "superintelligence", according to multiple reports. The Silicon Valley race to dominate artificial intelligence is speeding up
[35]
Meta's $15 Billion Scale Deal Could Leave Gig Workers Behind
Meta is reportedly set to invest $15 billion to acquire a 49% stake in Scale AI, in a deal that would make Scale CEO Alexandr Wang head of the tech giant's new AI unit dedicated to pursuing "superintelligence." Scale AI, founded in 2016, is a leading data annotation firm that hires workers around
[36]
Meta makes major investment in Scale AI, takes in CEO
Scale AI announced a major new investment by Meta late Thursday that values the startup at more than $29 billion and puts its founder to work for the tech titan. Company founder and chief executive Alexandr Wang will join Meta to help with the tech giant's own artificial intelligence efforts as
[37]
Zuckerberg's Meta Just Made a Huge Investment in Very Dark AI Company
Meta's AI development isn't going quite as well as billionaire CEO Mark Zuckerberg had hoped. Once a frontrunner in the AI race, a year's worth of technical failures and setbacks to his company's "state-of-the-art" Llama 4 Behemoth have spurred Zuckerberg to pull out all the stops. Now, the second
[38]
Meta Invests $14 Billion in Scale AI to 'Deepen' its Work on Superintelligence - Decrypt
The investment illustrates Meta's aggressive strategy to compete with the likes of OpenAI and Google. American multinational tech company Meta has made a significant investment in Scale AI, the data-labeling startup essential for training artificial intelligence systems, recruiting its young
[39]
Meta makes major investment in Scale AI, takes in CEO
San Francisco (United States) (AFP) - Scale AI announced a major new investment by Meta late Thursday that values the startup at more than $29 billion and puts its founder to work for the tech titan. Company founder and chief executive Alexandr Wang will join Meta to help with the tech giant's own
[40]
Meta bets big on start-up AI Scale and hires its co-founder
Scale AI has helped major tech companies such as OpenAI, Google, and Microsoft prepare the data they use to train AI models. Meta is making a $14.3 billion (€12.4 billion) investment in artificial intelligence (AI) company Scale and recruiting its CEO Alexandr Wang to join a team developing
[41]
Why Meta is Investing in Scale AI | AIM
Big tech companies investing in AI startups is not new. The likes of Microsoft, Google, and Amazon have been engaging in the practice for a while now. Meta has also shown some activity in that space, but not as much as its competitors. Earlier this year, Reuters reported that the company plans to
[42]
Report: Meta holding talks over $10B investment in data labeling startup Scale AI - SiliconANGLE
Report: Meta holding talks over $10B investment in data labeling startup Scale AI Meta Platforms Inc. is looking to invest billions of dollars into the artificial intelligence data labeling startup Scale AI Inc. The company is holding talks over a funding deal that could see it inject more than
[43]
Scale AI CEO Alexandr Wang departs to join Meta after securing multibillion investment - SiliconANGLE
Scale AI CEO Alexandr Wang departs to join Meta after securing multibillion investment Scale AI Inc. says its founder and Chief Executive Alexandr Wang is leaving to join Meta Platforms Inc., after confirming that the social media giant has made a "significant" investment in the company. The
[44]
Meta invests $14.3bn in Scale AI, hires start-up's CEO
The nine-year-old Scale AI counts Microsoft, OpenAI and the US government among its clients. Meta is investing $14.3bn into artificial intelligence start-up Scale AI, in a deal aimed at improving its capabilities in the tech. Earlier this week, sources told CNBC that the deal came as CEO Mark
[45]
From MIT Dropout to Billionaire: How Alexander Wang Built Scale AI | AIM
He began his entrepreneurial journey at San Francisco's startup accelerator, Y Combinator, in 2016. When Alexander Wang founded Scale AI in 2016, the AI landscape was still in its early stages. The data labelling startup, driven by Wang's vision, quickly became a key player in the AI landscape,
[46]
Mark Zuckerberg's superintelligence gamble: Can billions and bold hires save Meta's AI ambitions?
Mark Zuckerberg has decided he wants to claw back lost ground in the AI race, and he's willing to spend heavily to do it. The Meta CEO is reportedly hiring staff personally for a new superintelligence lab within the company, offering massive salaries to attract top talent. Meta has also announced
[47]
Meta invests $14.3B in AI firm Scale and recruits its CEO for 'superintelligence' team
Meta is making a $14.3 billion investment in artificial intelligence company Scale and recruiting its CEO Alexandr Wang to join a team developing "superintelligence" at the tech giant. The deal announced Thursday reflects a push by Meta CEO Mark Zuckerberg to revive AI efforts at the parent
[48]
Meta's AI shortfall prompts Zuckerberg's $15B investment in Scale AI -- Report
Mark Zuckerberg is reportedly assembling a superintelligence group that will include Scale AI founder Alexandr Wang. Meta Platforms is reportedly acquiring a 49% stake in Scale AI, a leading data labeling company that powers many AI applications, as CEO Mark Zuckerberg seeks to strengthen Meta's
[49]
Meta invests in AI firm Scale and recruits its CEO for 'superintelligence' team
Meta is making a $14.3 billion investment in artificial intelligence company Scale and recruiting its CEO Alexandr Wang to join a team developing "superintelligence" at the tech giant. The deal announced Thursday reflects a push by Meta CEO Mark Zuckerberg to revive AI efforts at the parent
[50]
Meta invests in AI firm Scale and recruits its CEO for 'superintelligence' team
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 move reflects a push by Meta CEO Mark Zuckerberg to revive AI efforts at the parent company of
[51]
Meta Eyes $10 Billion AI Investment
Meta Platforms is reportedly considering a more than $10 billion investment in artificial intelligence startup Scale AI. The deal is still in talks and could potentially change, Bloomberg News reported on Sunday, citing "people familiar with the matter." Scale AI declined to comment and Meta did
[52]
Meta Invests in AI Firm Scale and Recruits Its CEO for 'Superintelligence' Team
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 move reflects a push by Meta CEO Mark Zuckerberg to revive AI efforts at the parent company of
[53]
Here's What You Need to Know About the Blockbuster Meta-Scale AI Deal
Wang explained a few other Scale employees will also move to Meta. He will remain on the board, and Scale's chief strategy officer, Jason Droege, will serve as interim CEO. Scale is an AI infrastructure company that promises to help AI-makers improve their models by lifting the quality of the data
[54]
Meta invests in Scale AI, hires CEO to work on 'superintelligence'
Meta, the parent company of Facebook and Instagram, is investing a "significant" amount in Scale AI and hiring the artificial intelligence (AI) company's young CEO Alexandr Wang. The investment, reportedly worth about $14 billion, will bring the 28-year-old tech founder on board to help with
[55]
Meta Set to Throw Billions at Startup That Leads AI Data Market
Partnering with Scale could help Meta keep pace with AI rivals like Google, OpenAI Three months after the Chinese artificial intelligence developer DeepSeek upended the tech world with a model that rivaled America's best, a 28-year-old AI executive named Alexandr Wang came to Capitol Hill to tell
[56]
Meta Invests Big in Startup Scale AI, Brings On Its CEO for AI Development Efforts
The move comes as Meta CEO Mark Zuckerberg has reportedly been frustrated with the Facebook parent's level of AI progress. Artificial intelligence startup Scale AI said it received a "significant new investment" from Meta (META) that values the company at more than $29 billion and sees its chief
[57]
Google, Scale AI's Largest Customer, Said to Plan Split After Meta Deal
The company used Scale AI's technology for its Gemini AI platform Alphabet's Google, the largest customer of Scale AI, plans to cut ties with Scale after news broke that rival Meta is taking a 49% stake in the AI data-labeling startup, five sources familiar with the matter told Reuters. Google
[58]
Meta's Zuckerberg Said to be Hiring for New 'Superintelligence' AI Team
OpenAI is also looking to attract investment in a bid to develop AGI Mark Zuckerberg, the billionaire CEO of Meta Platforms is setting up a team of experts to achieve so-called "artificial general intelligence" (AGI), or machines that can match or surpass human capabilities, Bloomberg News
[59]
Meta Eyes Scale AI, a Quiet Data Powerhouse, in $10B A.I. Push
Scale AI's collaboration with Meta accelerates the push for artificial general intelligence. Scale AI, a startup specializing in providing high-quality data for training A.I. systems, is making inroads into the Big Tech-dominated A.I. race. Bloomberg reported on Sunday (June 8) that Meta is in
[60]
Scale AI CEO Alexandr Wang Leaves to Join Meta Following $14.3B Deal
Meta invests billions in Scale AI and brings on Wang as it intensifies the race for A.I. dominance. As Meta intensifies its A.I. race against Big Tech rivals, it's recruiting Alexandr Wang, founder and CEO of Scale AI, to strengthen its efforts. Wang, 28, announced yesterday (June 12) that he will
[61]
Meta in talks for Scale AI investment that could top $10 billion
This would be Meta's biggest ever external AI investment, and a rare move for the company. The social media giant has before now mostly depended on its in-house research, plus a more open development strategy, to make improvements in its AI technology. Meanwhile, Big Tech peers have invested
[62]
Early investors await Meta-Scale deal windfall: Report
Peter Thiel's Founders Fund, Chase Coleman's Tiger Global, and venture capital firm Accel are among investors expected to gain from the deal. Meta is planning to invest $15 billion in Scale AI, paying between $14 and $15 a share. Some of the earliest investors in Scale AI paid 1 to 3 cents per
[63]
Meta set to throw billions at startup that leads AI data market
Scale AI, led by Alexandr Wang, has become a key player in the AI industry by providing crucial data labeling services. Meta is considering a multibillion-dollar investment in Scale, potentially exceeding $10 billion. Scale's growth mirrors OpenAI's, with both companies benefiting from the AI boom
[64]
Meta to pay nearly $15 billion for Scale AI stake: Report
Meta Platforms reportedly agreed to acquire a 49% stake in AI startup Scale AI for $14.8 billion. This move aims to boost Meta's AI efforts, placing Scale AI CEO Alexandr Wang in a top position to lead a new "superintelligence" lab. Scale AI, valued at $13.8 billion in 2024, provides crucial
[65]
Meta finalises investment in Scale AI, valuing startup at $29 billion
Meta has finalised an investment of $14.3 billion in Scale AI, valuing the startup at over $29 billion. Scale CEO Alexandr Wang will join Meta's new AGI-focused unit, with Jason Droege as interim CEO. The deal, Meta's second-largest ever, strengthens its AI ambitions and offers insights into rival
[66]
OpenAI to continue working with Scale AI after Meta deal
This decision signals OpenAI's confidence in Scale's services, even as the latter expands relationships with major AI competitors like Meta, intensifying competition in the AI ecosystem.OpenAI plans to continue working with Scale AI after rival Meta on Friday agreed to take a 49% stake in the
[67]
From Scale AI to Meta's AI boss: Who is Alexandr Wang, the 28-year-old MIT dropout gunning for OpenAI?
Meta has struck a $15 billion deal for a 49% stake in Scale AI, a fast-growing data-labelling startup led by 28-year-old CEO Alexandr Wang. The move puts Wang -- once the world's youngest self-made billionaire -- at the helm of Meta's new superintelligence research unit. Wang's appointment signals
[68]
Meta's $14.8 billion Scale AI deal latest test of AI partnerships
Unlike an acquisition or a transaction that would give Meta a controlling stake, the deal does not require a review by US antitrust regulators. However, they could probe the deal if they believe it was structured to avoid those requirements or harm competition. Facebook owner Meta's $14.8 billion
[69]
Google, Scale AI's largest customer, plans split after Meta deal
Google had planned to pay Scale AI about $200 million this year for the human-labeled training data that is crucial for developing technology, including the sophisticated AI models that power Gemini, its ChatGPT competitor. The search giant already held conversations with several of Scale AI's
[70]
Meta Mulls $10B Investment In Scale AI Amid AI Expansion - Meta Platforms (NASDAQ:META)
Meta Platforms Inc META is considering a multibillion-dollar investment into Scale AI, which helps companies train machine-learning models. The investment could top $10 billion in value, Bloomberg reported on Monday, citing unnamed sources familiar with the matter. The startup was last valued at
[71]
Meta Investing $14.8B In Scale AI, Looks To Build 'Superintelligence': Reports
The parent company of Facebook is investing nearly $15 billion to get a 49 percent stake in AI data preparation company Scale AI, and it's also building what it calls "superintelligence," which is an AI system that supposedly exceeds the power of the human brain, according to multiple
[72]
Meta Invests In Scale AI At $29 Billion Valuation, Taps CEO Alexandr Wang To Drive Internal AI Push As Part Of Deepening Partnership - Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL)
Meta Platforms, Inc. META has made a strategic minority investment in Scale AI, valuing the company at over $29 billion, as part of a broader partnership to accelerate AI development. What Happened: On Thursday, Scale AI confirmed the development. The deal includes a major leadership change:
[73]
Meta In Talks To Invest Over $10B In Scale AI -- Possibly The Biggest Private AI Deal This Year - Microsoft (NASDAQ:MSFT), Meta Platforms (NASDAQ:META)
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
[74]
Meta On The Verge Of A $15 Billion Deal With Scale AI: Report - Meta Platforms (NASDAQ:META)
Meta Platforms Inc META is considering a $15 billion investment in data-labelling startup Scale AI and hiring the group's co-founder, Alexandr Wang, and top researchers. The deal, likely by Wednesday, would give Meta a 49% ownership in Scale AI and value the startup at $28 billion, the Financial
[75]
Meta Reportedly Exploring $10 Billion-Plus Investment in Scale AI | PYMNTS.com
By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions. The tech giant is in talks with Scale AI about an investment that could exceed
[76]
Meta in talks over Scale AI stake that could top $10B, Bloomberg...
Meta Platforms is in talks to make an investment that could exceed $10 billion in artificial intelligence startup Scale AI, Bloomberg News reported on Sunday. The terms of the deal were not yet finalized and could still change, the report said, citing people familiar with the matter. Scale AI
[77]
Meta paying $15B for stake in AI startup, gets 'superintelligence'...
Meta Platforms has agreed to take a 49% stake in artificial intelligence startup Scale AI for $14.8 billion, The Information reported on Tuesday, citing two people familiar with the matter. Founded in 2016, Scale AI provides vast amounts of labeled data or curated training data, which is crucial
[78]
Meta Stock Reacts to Bold $15B AI Investment
Scale AI's data expertise enhances Meta's model training and accuracy. Meta recently made one of its biggest moves in artificial intelligence (AI) by investing $15 billion into Scale AI. This bold decision places Meta firmly in the global race for artificial general intelligence (AGI). With this
[79]
Meta invests US$14.3B in AI firm Scale and recruits its CEO for 'superintelligence' team
Meta is making a $14.3 billion investment in artificial intelligence company Scale and recruiting its CEO Alexandr Wang to join a team developing "superintelligence" at the tech giant. The deal announced Thursday reflects a push by Meta CEO Mark Zuckerberg to revive AI efforts at the parent
[80]
Meta Accelerates AI Push with $14.8B Investment in Scale AI and New Research Division
Meta Platforms is making a decisive move in artificial intelligence by establishing a new AI research lab focused on "superintelligence." The company will bring in Alexandr Wang, founder and CEO of Scale AI, to lead the effort. This development follows Meta's reported $14.8 billion agreement to
[81]
Meta takes 49% stake in Scale AI for $14.8 billion - The Information By Investing.com
Investing.com -- Meta (NASDAQ:META) has agreed to acquire a 49% stake in data labeling firm Scale AI for $14.8 billion, according to a report from the Information, citing two people familiar with the matter. The deal will be structured in an unusual way, with Meta sending cash directly to Scale's
[82]
Meta in talks over Scale AI investment that could exceed $10 billion, Bloomberg reports
(Reuters) -Meta Platforms is in talks to make an investment that could exceed $10 billion in artificial intelligence startup Scale AI, Bloomberg News reported on Sunday. The terms of the deal were not yet finalized and could still change, the report said, citing people familiar with the
[83]
Meta in talks to potentially invest over $10B in Scale AI, founded by world's youngest self-made billionaire Alexandr Wang
Meta Platforms is in talks to make an investment that could exceed US$10 billion in Scale AI, an artificial intelligence startup founded by world's youngest self-made billionaire Alexandr Wang. The terms of the deal were not yet finalized and could still change, the report said, citing people
[84]
Meta to pay nearly $15 billion for Scale AI stake, The Information reports
(Reuters) -Meta Platforms has agreed to take a 49% stake in artificial intelligence startup Scale AI for $14.8 billion, The Information reported on Tuesday, citing two people familiar with the matter. Founded in 2016, Scale AI provides vast amounts of labeled data or curated training data, which
[85]
Meta ready to invest heavily in Scale AI
Meta is going all-out on artificial intelligence. According to The Information, the group is forming a team of the best AI engineers on the market. To attract these talents, Meta is not shy about opening its wallet. In particular, the group has taken a significant stake in Scale AI, a company
[86]
Meta in Talks to Invest $14 Billion in Scale AI
Meta Platforms, Inc. (NasdaqGS:META) is in advanced talks to invest approximately $14 billion into Scale AI, Inc. and hire the start-up's CEO, Alexandr Wang, to help lead its AI -efforts, according to people familiar with the matter. The deal would be one of the social media giant's largest outside
[87]
Meta finalizes investment in Scale AI, valuing startup at $29 billion
(Reuters) -Meta Platforms has finalized an investment in Scale AI that values the startup at over $29 billion, Scale AI said on Thursday. Scale CEO and co-founder Alexandr Wang will join Meta to work on its AI efforts, with Scale's chief strategy officer, Jason Droege, to serve as its interim CEO,
[88]
Meta finalizes $14.3 billion investment in Scale AI, sources say, poaching CEO Wang
(Reuters) -Facebook-owner Meta has finalized the $14.3 billion purchase of a 49% stake in data-labeling startup Scale AI, according to two sources familiar with the matter. Scale said late on Thursday that the deal values it at $29 billion and its CEO Alexandr Wang will join Meta to play a
[89]
Scale AI Gets Meta Investment That Values It at More Than $29 Billion
Scale AI has been valued at more than $29 billion after a significant investment from Meta Platforms that will see its founder, Alexandr Wang, join the social-media giant to work on its AI efforts. The artificial-intelligence startup announced the investment on Thursday, confirming an earlier
[90]
Meta's Scale AI stake buyout spotlights other major deals amid regulatory risks
(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, Alexandr Wang, would join Meta
[91]
Meta scores a double win with Scale AI, securing both capital and leadership
(MarketScreener with Reuters) Meta on Thursday formalized a strategic investment in the start-up Scale AI, worth $29bn, and in the process secured the services of its young founder and CEO, Alexandr Wang, 28. The deal, which gives Meta a 49% stake, represents a commitment of $14.3bn and marks one
[92]
Meta finalizes $14.3 billion Scale AI investment, poaching its CEO -- world's youngest self-made billionaire Alenxandr Wang - VnExpress International
Facebook-owner Meta has finalized the US$14.3 billion purchase of a 49% stake in data-labeling startup Scale AI, according to two sources familiar with the matter. Scale said late on Thursday that the deal values it at $29 billion and its CEO Alexandr Wang will join Meta to play a prominent role
[93]
Meta poaches 28-year-old Scale AI CEO after taking multibillion dollar stake in startup
(Reuters) -Facebook-owner Meta has invested in Scale AI in a deal that values the data-labeling startup at $29 billion and brings in its 28-year-old CEO, Alexandr Wang, to play a prominent role in the tech giant's artificial intelligence strategy. Meta will take a 49% stake for $14.3 billion,
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OpenAI to continue working with Scale AI after Meta deal
PARIS (Reuters) -OpenAI plans to continue working with Scale AI after rival Meta on Friday agreed to take a 49% stake in the artificial intelligence startup for $14.8 billion, OpenAI's CFO Sarah Friar told the VivaTech conference in Paris. Scale AI provides vast amounts of labelled or curated
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Meta finalizes $14.3B Scale AI investment, poaching its CEO - world's youngest self-made billionaire Alenxandr Wang - VnExpress International
Facebook-owner Meta has finalized the US$14.3 billion purchase of a 49% stake in data-labeling startup Scale AI, according to two sources familiar with the matter. Scale said late on Thursday that the deal values it at $29 billion and its CEO Alexandr Wang will join Meta to play a prominent role
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Meta's $14.8 billion Scale AI deal latest test of AI partnerships
(Reuters) -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. The deal, announced on Thursday, was
[97]
Meta invests $14.3 billion in Scale AI, hires its CEO to lead new AI Superintelligence lab
Meta aims to make Meta AI a leading assistant and advance general intelligence by 2025. Meta has officially announced plans to restart its artificial intelligence efforts, investing $14.3 billion to acquire a 49% stake in Scale AI. It has also hired its CEO, Alexandr Wang, to lead a new AI lab
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Meta invests $15 billion in data-labeling startup Scale AI, acquiring a 49% stake and hiring its co-founder Alexandr Wang to lead a new "superintelligence" team, in a bid to catch up with AI rivals.
Meta, the parent company of Facebook, has made a significant move in the artificial intelligence arena by investing $15 billion in Scale AI, a data-labeling startup
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. This strategic investment values Scale AI at $29 billion, doubling its valuation from the previous year1
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. The deal gives Meta a 49% stake in the company, marking one of the largest external AI investments for the social media giant2
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Source: Gadgets 360
Scale AI specializes in providing labeled training data to improve AI models for companies like Microsoft and OpenAI
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. The company's core business has been data-labeling, a crucial process in ensuring that images and text are accurately categorized before being used to train AI models1
.As part of the deal, Scale AI's co-founder and CEO, Alexandr Wang, will be stepping down from his role to join Meta
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. Wang, 28, will work on Meta's AI efforts, specifically joining the company's new "superintelligence" team1
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. Jason Droege, Scale's current chief strategy officer, will take over as interim CEO4
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Source: Euronews
This investment is seen as Meta's latest attempt to gain an edge in the race to develop more powerful AI models
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. CEO Mark Zuckerberg has been actively trying to attract top researchers and engineers from rival groups to build out a new "superintelligence" team1
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.Meta has faced challenges in its AI endeavors, with its recent Llama 4 model underperforming on various independent reasoning and coding benchmarks
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. The company has also been grappling with talent loss, with data showing that Meta lost 4.3% of its top talent to other AI labs in 20243
.The deal has sparked discussions in the tech industry about its potential impact on Scale AI's relationships with other AI labs. Some experts suggest that Meta's close ties with Scale AI could deter other companies from working with the startup, potentially benefiting Scale AI's competitors
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.Jonathan Siddharth, CEO of Turing, a Scale AI competitor, noted increased interest from customers following rumors of the Meta-Scale AI deal, suggesting that some clients may prefer to work with more neutral partners
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Scale AI's revenue has seen significant growth, with the company expecting to bring in $2 billion this year, up from $870 million in the previous year
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. The deal will result in substantial returns for Scale's early venture capital investors, including Accel, Tiger Global Management, and Index Ventures1
.Meta's investment will be used to pay investors and shareholders, as well as to fuel Scale AI's growth
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. Despite the significant investment, Scale AI emphasized that it will remain an independent entity, with Wang continuing as a director on its board4
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Source: NYT
This deal underscores the fierce competition in the AI industry, with tech giants willing to pay premium prices for data and talent to train advanced AI models
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. As Meta strives to catch up with rivals like OpenAI, Google, and Anthropic, the success of this investment and Wang's contribution to Meta's "superintelligence" efforts will be closely watched by industry observers3
.The long-term goal for Meta's researchers, according to the company's chief AI scientist Yann LeCun, "has always been to reach human intelligence and go beyond it"
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. As the AI landscape continues to evolve rapidly, Meta's bold move with Scale AI could potentially reshape the competitive dynamics in the quest for more advanced artificial intelligence technologies.Summarized by
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