Meta Invests $14.3B for 49% of Scale AI; Alexandr Wang to Lead Super-Intelligence
By James Dargan · · 1 min read
Meta Platforms Inc. has announced a definitive agreement to purchase a 49 percent stake in data-labeling leader Scale AI for $14.3 billion, valuing the San Francisco startup at $29 billion.
Meta said the partnership will “deepen the work we do together producing data for AI models,” adding that co-founder Alexandr Wang, 28, will join Meta to direct a new super-intelligence division.
Scale’s chief strategy officer Jason Droege becomes interim chief executive, while Wang retains a board seat. Meta chief executive Mark Zuckerberg said the investment accelerates the company’s push toward responsible frontier AI. Scale, founded in 2016, supplies precisely labeled datasets essential for training large language models used across the industry.
