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Meta finalises investment in Scale AI, valuing startup at $29 billion
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Meta Platforms has finalised an investment in Scale AI that values the startup at over $29 billion, Scale AI said on Thursday.
Two sources familiar with the matter said that Meta’s investment in Scale AI amounts to $14.3 billion.
The sources said that Scale CEO and co-founder Alexandr Wang will join a new “superintelligence” unit inside Meta to achieve artificial general intelligence (AGI), a term that refers to machines that can match or surpass human capabilities.
Scale’s chief strategy officer, Jason Droege, will serve as its interim CEO, Scale AI…
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