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.

Meta Platforms (NASDAQ:META), the parent of Facebook, has made a bold $14.8 billion move by acquiring a 49% nonvoting stake in data-labeling startup Scale AI. The investment, Metas second-largest to date,

Here’s what you need to know about the deal, what its implications may be, and why Wang is of such interest to Zuckerberg’s sprawling digital content company. Wang dropped out of MIT in his freshman year to co-found Scale with social media influencer and engineer Lucy Guo.