Meta has invested heavily in scale AI, increasing the startup valuation to over $29 billion.
As part of the deal, Scale AI founder and CEO will begin working with Meta to mark a strategic move to strengthen Meta's position in the AI space, News.az reports, citing foreign media.
Meta reportedly has poured over $10 billion into AI of a size based in San Francisco, winning the 28-year-old CEO amid fierce competition in AI races with rivals such as Openai, Google and Microsoft.
“Meta has completed its strategic partnership and investment in scale AI,” a Meta spokesperson said in response to an AFP survey.
“As part of this, we will deepen our work on generating data for AI models and doing it together, and Alexandr Wang will be joining Meta to tackle our superintelligence efforts.”
Meta has promised details about the movements in the coming weeks.
According to the startup, Scale AI is working with businesses, governments and labs to take advantage of artificial intelligence.
“Meta's investments recognize the achievements of scale so far and reaffirm that our progress, like AI, is endless,” Wang said in the release.
“Scale bridges the gap between human values and technology, enabling our customers to reach their full potential in AI.”
Wang has grown to over 1,500 since founding Scale AI in 2016, he wrote in an X post.
He said several other employees, whom he called “scalience,” would go with him to tackle Meta's AI initiative.
Wang described his departure as “Bittersweet,” adding that he will remain a member of the Scale AI board.
news.az
