AI, Meta and Scale
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Despite the $14.3 billion investment that is shaking up the AI landscape, OpenAI's CFO says the company plans to keep working with Scale AI.
Meta's $14 billion investment in Scale AI set off a flurry of dealmaking in the AI data industry, as Meta's rivals cut ties with Scale for other data companies
Meta invests $14.3B in Scale AI to fuel a new superintelligence lab—gaining infrastructure and leadership, but raising doubts about Scale’s future.
The negotiations started as just one billionaire tech founder talking to another. Meta Platforms CEO Mark Zuckerberg approached Scale AI CEO Alexandr Wang in mid-April about a potentially industry-shaking deal.
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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.
A handful of venture capital firms are set to see huge returns from their early bets on Scale AI, following Meta Platforms Inc.’s $14.3 billion mega investment in the artificial intelligence startup.
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.
Meta’s massive AI investments lift its stock, but rising valuations and macro risks prompt questions about how long the rally can last.