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It’s only been since June that Meta invested $14.3 billion in the data vendor Scale AI, bringing on CEO Alexandr Wang and several of the startup’s top executives to run Meta Superintelligence Labs (MSL). However, the relationship between the two companies is already showing signs of fraying. At least one of the executives Wang brought…
Data-labeling company Scale AI confirmed on Friday that it has received a “significant” investment from Meta that values the startup at $29 billion. The startup also said its co-founder and CEO Alexandr Wang is stepping down from his role to join Meta and help the bigger company with its AI work. Reports indicate that Meta…
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 “superintelligence” lab within the company. The deal is reminiscent of Meta’s previous large and risky bets, such as its $19 billion acquisition…