Meta in Talks to Invest $14 Billion in Scale AI, Hire CEO Alexandr Wang
Meta Platforms META 1.20%increase; green up pointing triangle is in advanced talks to invest around $14 billion into Scale AI and hire the startup's chief executive, Alexandr Wang, to help lead its AI efforts, according to people familiar with the matter.
The deal would be one of the social-media giant's largest-ever outside investments and show the dramatic steps it is taking to revamp its AI work, which has suffered setbacks including the delayed release of a major new model. As part of the proposed deal—which is still being finalized—other Scale AI employees would join Meta alongside Wang as part of a new effort to develop advanced AI called superintelligence.
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