Meta invests $14.3 billion in Scale AI to strengthen its position in general artificial intelligence.
PANews June 13 news, according to Decrypt, Meta announced the acquisition of a 49% stake in data labeling company Scale AI for $14.3 billion, with a valuation of $29 billion, making it the second largest investment in its history. Founder Alexandr Wang will join Meta to lead the newly established "Super Intelligence Lab," focusing on the research and development of General Artificial Intelligence (AGI). This move highlights Meta's acceleration in catching up with OpenAI and Google's AI strategy. The deal structure retains Scale's independent operations to alleviate regulatory pressure.
This morning's report states that Scale AI has announced a new round of investment from Meta, with a valuation exceeding $29 billion.