Meta Deepens AI Play with Major Investment in Data Labeling Firm Scale AI

Meta Deepens AI Play with Major Investment in Data Labeling Firm Scale AI

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In a significant move to bolster its artificial intelligence capabilities, Meta has invested $14.3 billion in Scale AI, a leading data labeling company. This investment secures Meta a 49% stake in the company, signaling a clear commitment to strengthening its AI infrastructure. The deal underscores Meta’s ongoing efforts to stay at the forefront of the rapidly advancing AI landscape. As part of the agreement, Scale AI co-founder Alexandr Wang will also be joining Meta. The news was first reported by TechCrunch.