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Meta said on Thursday that it planned to invest $14.3 billion in Scale AI, a start-up that works with data to train artificial intelligence systems, in a deal that Meta hopes will add needed ...

Jason Droege, Scale’s current chief strategy officer, will hop in as interim CEO. Scale AI noted that Meta’s investment will be used to pay investors and shareholders, as well as to fuel growth.

In his X post announcing the deal, Wang explained that Scale has “grown to over 1,500 people and become the trusted partner for model builders, enterprises, and governments building and ...

Meta is reportedly investing nearly $15 billion in the data-labeling firm Scale AI and taking a 49% stake in the startup, while also bringing on CEO Alexandr Wang to help lead a new ...

SAN FRANCISCO, June 13 (Reuters) - Alphabet's (GOOGL.O) Google, the largest customer of Scale AI, plans to cut ties with Scale after news broke that rival Meta (META.O) is taking a 49% stake in ...

Meta is making a $14.3-billion investment in artificial intelligence company Scale and recruiting its chief executive, Alexandr Wang, to join a team developing “superintelligence” at the tech ...

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. The ...

In a strategic move, Meta invests $14.3 billion in Scale AI, taking a 49 per cent stake in the data-labelling startup. Scale's CEO Alexandr Wang will play a key role in shaping Meta's AI future ...

June 12 (Reuters) - Facebook-owner Meta (META.O) has invested in Scale AI in a deal that values the data-labeling startup at $29 billion and brings in its 28-year-old CEO, Alexandr Wang, to play a ...

Large-scale study maps the first step in Alzheimer's protein aggregation by Susannah Young, Wellcome Trust Sanger Institute edited by Stephanie Baum, reviewed by Robert Egan Editors' notes ...

Meta is paying $14.3 billion to invest in Scale AI, the industry’s leading data dealer, and hire its CEO, Alexandr Wang to work on AI “superintelligence.” ...