Scale AI's Alexandr Wang confirms departure for Meta
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Data-labeling firm Scale AI confirmed on Friday that it has received a "significant" investment from Meta that values the startup at $29 billion.
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.
Scale co-founder and CEO Alexandr Wang will lead Meta’s new superintelligence unit.
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Asianet Newsable on MSNMeta Reportedly Finalizing $15B Stake in Scale AI, Taps Alexandr Wang To Lead ‘Superintelligence’ LabAccording to a report by The Information, the deal would give Meta a 49% stake in Scale AI in its largest external investment to date.
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.