June 13th, 2025
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Meta is investing $14.3 billion in the AI company Scale and has hired its CEO, Alexandr Wang, to join Meta's 'superintelligence' development team. This is part of CEO Mark Zuckerberg's plan to improve AI at Meta as it competes with companies like Google and OpenAI. Scale will remain independent, but this agreement will significantly increase the business relationship between the two companies, giving Meta a 49% share in Scale. Wang will move to Meta with a small team but will stay on Scale's board, and Jason Droege will become the temporary CEO. This investment means Scale is now valued at over $29 billion. It is not clear what this deal will mean for Scale's other customers, including General Motors, Toyota, and several important large language model providers.
June 13th, 2025
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