How Meta’s $14 Billion Scale AI Investment Upended the AI Data Industry

Business

Meta’s $14.3 billion investment in Scale AI , the leading player in the AI data industry, was a very strange deal indeed. Meta acquired 49% of the company in the deal announced last Thursday. Scale announced that its CEO, Alexandr Wang , would quit to become an executive in charge of a new “Superintelligence” unit inside the tech giant. (The deal has yet to receive regulatory approval.) The deal was good news for Meta, which was widely seen as falling behind in the AI race and in need of new AI

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