Meta has completed a $14.3 billion investment in Scale AI, acquiring a 49% stake in the startup and valuing it at over $29 billion. This deal marks Meta's second-largest investment to date, following its $19 billion acquisition of WhatsApp in 2014, and deepens the strategic partnership between the two companies, according to Reuters.
Following the investment, Scale AI appointed Jason Droege as interim CEO, succeeding co-founder Alexandr Wang. Wang has joined Meta to lead a new team focused on artificial general intelligence (AGI) and support Meta's broader AI initiatives, while maintaining a seat on Scale AI's board. Mark Zuckerberg personally facilitated Wang's move, underscoring Meta's determination to regain ground in the competitive AI landscape.
