Meta announces a $14.3B investment in Scale AI and hires CEO Alexandr Wang to help oversee its AI efforts; source: Scale AI's post-money valuation is $29B
Meta said Thursday that it has backed Scale, without including details. The size of the investment was $14.3 billion, according to a person familiar with the matter.
Bloomberg
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Discussion
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@alexandr_wang
Alexandr Wang
on x
My note to Scale employees today— [image]
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@alexeheath
Alex Heath
on x
It's official: Meta is paying $14.3 billion to buy 49% of Scale, the AI industry's leading data dealer. Scale CEO Alexandr Wang will report to Zuck. This is essentially Meta paying $14 billion to catch up in the AI race. https://www.theverge.com/...
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@mikeisaac
Rat King
on x
and the worst kept secret in the valley is done: Meta has inked its deal with Scale, making a near $15 billion investment in the company as Alexandr Wang joins to help lead Meta's new “Superintelligence” AI lab https://www.nytimes.com/...
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@mikeisaac
Rat King
on x
really hard to even care about “building the AI god” when shit like tonight kicks off...
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@alexeheath
Alex Heath
on x
This is just the first shoe to drop. I'm expecting Meta to unveil its new “superintelligence” team that Zuck has personally been driving (and Wang will lead) as soon as next week.
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@shiringhaffary
Shirin Ghaffary
on x
And it's closed. Deal we originally scooped late Saturday night has been confirmed: Meta investing $14.3 billion in Scale AI https://www.bloomberg.com/...
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@alexeheath
Alex Heath
on x
This is also the latest example of a Big Tech co hiring the founder(s) of a hot AI startup and sending a bunch of money to its shareholders to basically buy it without triggering antitrust review. Microsoft/Inflection Amazon/Adept Google/Character Meta/Scale