Meta Takes 49% Stake in Scale AI for $14.3B, Brings CEO Wang to Lead Superintelligence Unit

Benzinga

Meta has acquired a 49% stake in Scale AI for $14.3 billion, valuing the data-labeling firm at $29 billion, according to Reuters. The deal brings Scale CEO Alexandr Wang aboard to lead Meta’s new superintelligence division. Meta said it will expand its AI data collaboration with Scale and that Alexandr Wang will join the company to work on its superintelligence efforts. Founded in 2016, Scale supplies labeled data for AI tools like ChatGPT by using platforms like Remotasks and Outlier to manage gig workers for manual data labeling. The move marks Meta’s second-largest investment after WhatsApp and signals a shift in its AI strategy. Meta CEO Mark Zuckerberg is betting on Alexandr Wang’s business leadership to revamp the company’s AI strategy.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Ada has acquired a 49% stake in Scale AI for $14.3 billion,

00:07valued at data labeling firm at $29 billion, according to Reuters.

00:10It's going to bring Scale's CEO, Alexander Wang, aboard to lead

00:13Ada's new superintelligence division.

00:15Ada said it will expand its AI data collaboration with Scale,

00:18and then Alexander Wang will join the company to work on its superintelligence efforts.

00:22Found it in 2016, Scale supplies labeled data for AI tools like ChatGPT,

00:27using platforms like Remote Tasks and Outlier to manage gig workers for manual data labeling.

00:33Boobarks made its second largest investment after WhatsApp

00:36and signals the shifts in its AI strategy.

00:38Ada CEO Mark Zuckerberg is betting on Alexander Wang's business leadership

00:41to revamp the company's AI strategy.

00:43For all things money, visit Benzinga.com slash GSTV.

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