Meta, Scale AI and Superintelligence
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Meta’s deal to sort-of but not really acquire AI startup Scale, giving it 49% ownership, is certainly unusual.
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.
A handful of venture capital firms are set to see huge returns from their early bets on Scale AI, following Meta Platforms Inc.’s $14.3 billion mega investment in the artificial intelligence startup.
By Jody Godoy (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,
This week, the Meta Group acquired a 49% stake in Scale AI. This has apparently also had an impact on the rest of the Scale customer base.
OpenAI said it will continue working with Scale AI after Meta Platforms Inc. made a multibillion-dollar investment in the startup, as it seeks to maintain a broad ecosystem of data sources.
Google has decided to end its partnership with Scfale AI after Meta acquired 49% stake in the company and its CEO, Alexander Wang joined Meta, as concern for data security grows.