Scale AI confirms 'significant' investment from Meta
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By Jody Godoy (Reuters) -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,
Meta’s deal to sort-of but not really acquire AI startup Scale, giving it 49% ownership, is certainly unusual.
Google and other big tech companies are rethinking their ties with Scale AI. This follows Meta's significant investment in the data-labeling startup. Concerns arise that Meta could gain insights into rivals' AI strategies.
Scale AI's biggest customer Google plans to part ways with Scale after news broke that Meta is taking a 49% stake in the startup.
Google has decided to end its partnership with Scfale AI after Meta acquired 49% stake in the company and its CEO, Alexander Wang joined Meta, as concern for data security grows.
Meta Platform Chief Executive Mark Zuckerberg’s efforts to shape up the company’s artificial-intelligence ambitions took a step forward with an investment in ScaleAI and the poaching of its founder.
With Scale AI founder and CEO Alexandr Wang headed to Meta for high-profile role in artificial intelligence, the startup is promoting its strategy head.