Scale AI CEO leaving
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Google is planning to end its business relationship with Scale AI after its rival, Meta Platforms Inc (NASDAQ: META), acquired a 49% stake in the AI data-labeling startup.
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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 is making its first major minority investment in an outside company as it tries to catch up to a growing field of artificial intelligence rivals.
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.
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Meta invests $14.3B in Scale AI to fuel a new superintelligence lab—gaining infrastructure and leadership, but raising doubts about Scale’s future.