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>Meta is close to finalizing an almost $15 billion investment in Scale AI, the tech giant’s largest-ever external investment, which would give Meta a 49% stake
by htrp 1y ago
>Meta is close to finalizing an almost $15 billion investment in Scale AI, the tech giant’s largest-ever external investment, which would give Meta a 49% stake in the company, according to The Information. As part of the deal, Meta CEO Mark Zuckerberg is personally assembling a team of about 50 people to help Meta supercharge its AI goals — specifically, to achieve artificial general intelligence — and Scale AI CEO Alexandr Wang is set to join that group once the deal is final, according to Bloomberg and The New York Times.
Interesting that this is a 49% stake to effectively buy Scale's data + the data labeling team