Meta to pay $15B to acquire 49% stake in Scale AI/hire Scale CEO
a year ago
- #Meta
- #Scale AI
- #AI Investment
- Meta is finalizing a nearly $15 billion investment in Scale AI, acquiring a 49% stake.
- Mark Zuckerberg is assembling a 50-person team to advance Meta's AGI goals, with Scale AI's CEO joining post-deal.
- AGI refers to AI that matches or exceeds human cognitive abilities, a major industry focus.
- Scale AI, which provides training data to tech giants, expects 2025 revenue to double to $2 billion.
- Meta's investment reflects its urgency to compete with rivals like OpenAI, Google, and Microsoft.
- Other tech giants have also invested heavily in AI startups (e.g., Amazon in Anthropic, Microsoft in OpenAI).
- Scale AI has secured government contracts, including a deal with the U.S. Department of Defense.