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Scale co-founder and CEO Alexandr Wang will lead Meta’s new superintelligence unit.

Meta is making a $14 billion investment to significantly ramp up its efforts in the AI race. More details here.

In a strategic move, Meta invests $14.3 billion in Scale AI, taking a 49 per cent stake in the data-labelling startup.

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Meta has finalized its $14.3 billion investment in Scale AI, which now values the startup that provides other companies with data labeling and model evaluation services for AI training at $29 billion.

Scale AI has helped major tech companies such as OpenAI, Google, and Microsoft prepare the data they use to train AI models.

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Meta Platforms Inc. has finalized a multibillion-dollar investment in Scale AI and recruited the startup’s chief executive ...