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Euronews
Euronews
Euronews with AP

Meta bets big on start-up Scale AI with €12 billion investment and hires its co-founder

Meta is making a $14.3 billion (€12.4 billion) investment in artificial intelligence (AI) company Scale and recruiting its CEO Alexandr Wang to join a team developing "superintelligence" at the tech giant.

The deal announced Thursday reflects a push by Meta CEO Mark Zuckerberg to revive AI efforts at the parent company of Facebook and Instagram as it faces tough competition from rivals such as Google and OpenAI.

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