Meta pursues OpenAI co-founder's startup
Meta just invested $14.3 billion in Scale AI—a startup known for its top-notch, human-verified data that trains smarter AI.
This gives Meta a hefty 49% stake and values Scale at over $29 billion, all part of Meta's push to level up its AI game.
Meta aims to accelerate its AI initiatives with this deal
Scale AI's data is the secret sauce behind advanced AI models. With this deal, Meta hopes to speed up its own AI projects and keep up with rivals like Google and OpenAI.
Even though Meta now owns nearly half the company, Scale will stay independent.
OpenAI's safe superintelligence also raised funding at higher valuation
Scale's founder Alexandr Wang is stepping aside as CEO to head up Meta's brand-new superintelligence lab but will remain on Scale's board.
Jason Droege (formerly chief strategy officer) steps in as interim CEO at Scale.
Meanwhile, the broader industry is buzzing—OpenAI co-founder Ilya Sutskever's new venture Safe Superintelligence just hit a $32 billion valuation too.