Home Pan Africa Meta Finalises USD 14.3bn Scale Investment, Hires CEO

Meta Finalises USD 14.3bn Scale Investment, Hires CEO

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Meta Platforms has finalised a multibillion-dollar investment in Scale AI and recruited the startup’s chief executive officer to join its artificial intelligence efforts — an unusual deal that signals a heightened push by the social media giant to catch up on AI development.

(3 Minutes Read)

 As part of the investment, Scale CEO and co-founder Alexandr Wang is set to take on a new role at Meta on its AI team. Wang will join the company’s “superintelligence” unit, focused on building AI that performs as well as humans, a hypothetical advance often referred to as artificial general intelligence. Wang will stay on at Scale as a board member.

Meta Platforms has finalised a multibillion-dollar investment in Scale AI and recruited the startup’s chief executive officer to join its artificial intelligence efforts — an unusual deal that signals a heightened push by the social media giant to catch up on AI development.

Meta said that it has backed Scale, without including details. The size of the investment was USD 14.3 billion, according to a person familiar with the matter. The deal values the startup at more than USD29 billion, including the money raised, Scale said.

As part of the investment, Scale CEO and co-founder Alexandr Wang is set to take on a new role at Meta on its AI team. Wang will join the company’s “superintelligence” unit, focused on building AI that performs as well as humans, a hypothetical advance often referred to as artificial general intelligence. Wang will stay on at Scale as a board member.

Meta will take a 49% stake in the company, said the person familiar, who asked not to be identified discussing private information. Meta is purchasing non-voting shares. Bloomberg News previously reported Meta was in talks with Scale.

In a statement on Thursday, Wang said that the investment “recognizes Scale’s accomplishments” and underscores the importance of AI technology. Scale’s new interim CEO will be Jason Droege. In a statement, the company said that even after its Meta partnership, “Scale remains an independent leader in AI, committed to providing industry-leading AI solutions and safeguarding customer data.”

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Mark Zuckerberg, Meta’s CEO, has made AI the top focus at his social networking company this year, earmarking tens of billions of dollars for AI-related infrastructure and hiring. But Zuckerberg has grown frustrated with Meta’s progress following the rollout of the company’s latest large language model, Llama 4, which was widely viewed as underwhelming.