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Social media titan Meta Platforms (META) is back in the headlines, all thanks to its rapidly expanding ambitions in the world of artificial Intelligence (AI). Reports claim that Meta is closing in on a massive investment, potentially committing $15 billion to the promising AI startup, Scale AI. If this is finalized, it would be Meta’s largest-ever external investment, giving it a 49% stake in the startup. Meta is also apparently working to assemble a team of 50 people for a new “superintelligence” AI team related to the Scale AI investment.
Founded in 2016 by Alexandr Wang, Scale AI has quickly become a crucial player in the red-hot generative AI landscape. The startup specializes in providing essential data labeling services, which are vital for industry giants such as Microsoft (MSFT) and OpenAI to effectively train their machine learning models. Interestingly, this massive investment would mark a significant departure from Meta’s usual playbook.
