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Meta invests $14.3B in Scale AI to fuel a new superintelligence lab—gaining infrastructure and leadership, but raising doubts about Scale’s future.
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.
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.
Alexandr Wang dropped out of MIT to co-found Scale and was quickly lauded as one of Silicon Valley's most promising entrepreneurs, raising funding from blue-chip venture capital firms and achieving billionaire status in his 20s.
Despite the $14.3 billion investment that is shaking up the AI landscape, OpenAI's CFO says the company plans to keep working with Scale AI.
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Google and other big tech companies are rethinking their ties with Scale AI. This follows Meta's significant investment in the data-labeling startup. Concerns arise that Meta could gain insights into rivals' AI strategies.
Meta's acquisition of Scale AI for a reported US$14.3 billion marks a significant step in its push to strengthen artificial intelligence capabilities, joining the growing wave of US tech giants leveraging acqui-hire deals to stay competitive in the...
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.