June 13th, 2025
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In a move signalling Meta's escalating commitment to artificial general intelligence, the corporation has injected a staggering $14.3 billion into AI firm Scale, poaching CEO Alexandr Wang to spearhead Meta's nascent "superintelligence" development initiative, a strategic maneuver executed amidst fierce competition with rivals like Google and OpenAI. While Scale will ostensibly maintain operational independence, the agreement precipitates a dramatic expansion of their commercial interdependence, granting Meta a substantial 49% equity stake in the company; Wang, accompanied by a core cadre of specialists, transitions to Meta, retaining his seat on Scale's board of directors, while interim CEO Jason Droege assumes leadership, effectively catapulting Scale's valuation to upwards of $29 billion, though the ramifications of this arrangement for Scale's diverse clientele, encompassing entities such as General Motors, Toyota, and an array of other large language model providers, remain nebulous.
June 13th, 2025
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