June 13th, 2025
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Meta is investing $14.3 billion in the artificial intelligence company, Scale, and has hired its CEO, Alexandr Wang, to join Meta's advanced AI development team. This action is part of CEO Mark Zuckerberg's strategy to strengthen AI at Meta, as it competes with rivals such as Google and OpenAI. Scale will remain an independent company, but this agreement will significantly expand the business relationship between the two firms, giving Meta a 49% ownership stake in Scale. Wang will transfer to Meta with a small team but will continue to serve on Scale's board, with interim CEO Jason Droege succeeding him. This investment values Scale at over $29 billion. It is currently uncertain what this deal will mean for Scale's other clients, including General Motors, Toyota, and several prominent large language model providers.
June 13th, 2025
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