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 lures 28-year-old Scale AI CEO Alexandr Wang to lead new superintelligence unit after a $14.3B investment in his company

Technology Technology The Big Story  Meta invests in Scale AI, taps CEO for ‘superintelligence’ push Meta, the parent company of Facebook and Instagram, is investing a

Scale CEO and co-founder Alexandr Wang will lead Meta's new "Superintelligence" division following the deal The post Meta Invests $14.3 Billion in Scale AI as Zuckerberg Builds New Artificial Intelligence Team appeared first on TheWrap.

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.

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 company.

In a strategic move, Meta invests $14.3 billion in Scale AI, taking a 49 per cent stake in the data-labelling startup. Scale's CEO Alexandr Wang will play a key role in shaping Meta's AI future, particularly in superintelligence.

AI Startup Scale AI CEO Alexander Wang not only founded the most ambitious AI startup, he has built a reputation as a leader who understands AI’s technical complexities. He is also known as a person who knows how to build a business.

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Meta is investing $14.3 billion in Scale AI, acquiring a 49% stake, and valuing the company at $29 billion. Scale AI's co-founder, Alexandr Wang, will join Meta to lead its superintelligence unit, marking a significant shift in Meta's AI strategy.