June 13th, 2025
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Meta is investing $14.3 billion in the artificial intelligence company Scale and has brought its CEO, Alexandr Wang, to join Meta's advanced AI development team. This action is part of CEO Mark Zuckerberg's strategy to improve AI at Meta as it competes with companies like Google and OpenAI. Scale will continue to operate independently, but this agreement will significantly expand the business relationship between the two companies, giving Meta a 49% ownership in Scale. Wang will transfer to Meta with a small group but will stay on Scale's board, and Jason Droege will take over as the temporary CEO. This investment values Scale at more than $29 billion. It is uncertain what this deal will mean for Scale's other clients, including General Motors, Toyota, and several major large language model providers.
June 13th, 2025
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