Facebook-owner Meta has finalized the $14.3 billion purchase of a 49 per cent stake in data-labeling startup Scale AI, according to two sources familiar with the matter. Scale said late on Thursday that the deal values it at $29 billion and its CEO Alexandr Wang will join Meta to play a prominent role in the Facebook owner's AI strategy. Scale's chief strategy officer, Jason Droege, will serve as its interim CEO, Scale AI said. The company did not respond to a request for additional information

Tag-uri: Facebook