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Meta is reportedly investing nearly $15 billion in the data-labeling firm Scale AI and taking a 49% stake in the startup, while also bringing on CEO Alexandr Wang to help lead a new ...
Meta just invested more than $14 billion into data labeling start-up Scale AI, acquiring a 49% equity stake in the process.
Meta recruits Scale AI’s Alexandr Wang in a $14.3 billion deal to lead a 50-person team focused on building artificial superintelligence.
Scale AI co-founder Alexandr Wang is such an enthusiastic networker that his former roommate — OpenAI Chief Executive Officer Sam Altman — once jokingly told him to tone it down a bit.
On June 12, Alexandr Wang stepped down as Scale’s CEO to chase his most ambitious moonshot yet: building smarter-than-human AI as head of Meta’s new “superintelligence” division.
In 2022, Wang became the world’s youngest self-made billionaire at just 25 years old after Scale AI raised a $325 million funding round that valued the company at $7.3 billion.
Scale AI’s ad and Wang’s letter appear to be a public effort at influencing AI policy and the Trump administration’s role in ensuring U.S. dominance in the field.
Scale, whose core business is data labeling and processing for AI projects at large organizations, was valued at $13.8 billion last year. Wang wants the U.S. government to emulate tech giants by ...
In January, Scale AI took out a full-page advertisement in the Washington Post stating: “America must win the AI war.” That message has resonated in Washington as DeepSeek and other Chinese AI ...
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