Meta’s Massive AI Play: Hiring Scale AI CEO and Investing Billions
Meta has made a big move in artificial intelligence by investing $14.3 billion to buy a 49% stake in Scale AI, a company that helps train AI systems. Along with this, Meta has hired Scale AI’s CEO, Alexandr Wang, to lead a new AI Superintelligence lab focused on developing advanced AI technologies.
ALSO READ: The Truth Behind Lenskart Valuation’s Explosive Rise to $6.1 Billion
Wang will report directly to Mark Zuckerberg and will continue to serve on Scale AI’s board while leading the new project at Meta. The company plans to share more details about the lab and its team soon.
This is one of the largest AI investments this year and shows Meta’s commitment to competing with other tech giants like Google and OpenAI. Scale AI specializes in labeling and organizing data, which is essential for training powerful AI models.
The tech giant has faced some challenges recently, such as delays with its Llama 4 AI model. However, this investment and leadership change could mark a fresh start. Mark Zuckerberg has set goals for 2025 to make Meta AI a top personal assistant and to work towards creating artificial general intelligence.
Jason Droege, formerly Scale AI’s chief strategy officer, will take over as CEO of Scale AI as Wang moves to Meta.
This investment highlights the company’s strong focus on AI and its plans to be a major player in the future of artificial intelligence.
For ongoing coverage and the latest developments, stay with Newz24India.