AI, Meta and Scale
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Meta's $14 billion investment in Scale AI set off a flurry of dealmaking in the AI data industry, as Meta's rivals cut ties with Scale for other data companies
Despite the $14.3 billion investment that is shaking up the AI landscape, OpenAI's CFO says the company plans to keep working with Scale AI.
The negotiations started as just one billionaire tech founder talking to another. Meta Platforms CEO Mark Zuckerberg approached Scale AI CEO Alexandr Wang in mid-April about a potentially industry-shaking deal.
Meta invests $14.3B in Scale AI to fuel a new superintelligence lab—gaining infrastructure and leadership, but raising doubts about Scale’s future.
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Meta is making a $14.3 billion investment in artificial intelligence company Scale and recruiting its CEO Alexandr Wang to join a team developing “superintelligence” at the tech giant.
Meta’s massive AI investments lift its stock, but rising valuations and macro risks prompt questions about how long the rally can last.
Mark Zuckerberg’s investment in Scale AI and its founder, Alexandr Wang, shows how artificial-intelligence startups have become farm teams for the big-spending giants.