June 13th, 2025
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Meta is putting $14.3 billion into the AI company Scale and has hired its CEO, Alexandr Wang, to work on Meta's advanced AI team. This is part of Mark Zuckerberg's plan to make Meta's AI better so it can compete with companies like Google and OpenAI. Scale will stay independent, but this agreement will greatly increase the business connection between the two companies, giving Meta almost half of Scale. Wang will move to Meta with a small group but will still be on Scale's board. Jason Droege will become the temporary CEO. This investment means Scale is worth more than $29 billion. It's not clear what this deal will mean for Scale's other customers, such as General Motors, Toyota, and other companies that create large language models.
June 13th, 2025
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