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Meta invests $14.3 billion in startup Scale AI

Published 2 min read

The Tech AI

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Meta is directing $14.3 billion to purchase a 49% stake in Scale AI and is hiring CEO Alexander Wang. He will lead Meta’s new AI laboratory focused on developing “superintelligence” and will retain his seat on Scale’s board of directors. Jason Droog will serve as interim CEO of Scale, and the proceeds from the deal will be distributed among shareholders.

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