Browsing: Scale AI

Meta’s investment in Scale AI doesn’t trigger regulatory review, but experts say scrutiny is still possible if the deal harms competition

Meta, the parent company of Facebook and Instagram, is investing a significant amount in Scale AI and hiring the artificial intelligence company’s CEO, Alexandr Wang.

Alphabet’s Google plans to sever its relationship with Scale AI after Meta acquired a 49% stake in the AI data-labeling startup, valuing it at $29 billion

Meta plans to invest $14.3 billion in Scale AI, a start-up that trains artificial intelligence systems, and integrate its CEO into Meta’s new Superintelligence lab leadership.

Centerview Partners served as the sole investment bank adviser for Meta Platforms Inc.’s massive $14.3 billion investment in Scale AI, valuing the data-labeling startup at over $29 billion.

Meta has invested $14.3 billion in Scale AI, valuing the data-labeling startup at $29 billion, as part of a deal that brings Scale AI CEO Alexandr Wang to lead Meta’s superintelligence efforts.

OpenAI plans to maintain its partnership with Scale AI, a provider of labelled training data crucial for AI development, despite Meta’s acquisition of a 49% stake in the company.

Meta acquires 49% stake in Scale AI, valuing the company at $29 billion, and poaches CEO Alexandr Wang to lead its new superintelligence unit

Meta finalizes $14.3 billion investment in Scale AI, valuing the AI training data startup at $29 billion. Scale AI’s CEO Alexandr Wang joins Meta to lead new ‘Superintelligence lab’

Meta has made a significant investment in Scale AI, a data-labeling company crucial for training large language models used in generative AI development