Data-labeling firm Scale AI confirmed on Friday that it has received a "significant" investment from Meta that values the startup at $29 billion.

With Scale AI founder and CEO Alexandr Wang headed to Meta for high-profile role in artificial intelligence, the startup is promoting its strategy head.

Dystopian thriller “Soylent Green” ends with the hero discovering that the mystery food that sustains New York’s citizens, and whose name the movie bears, is actually made of human beings. Reports that Meta Platforms may acquire 49 per cent of artificial intelligence company Scale AI for $15bn illustrate a similar plot twist. AI, too, is people.

Meta is betting big on a new superintelligence lab, luring talent with massive paychecks and bringing in Scale AI’s Alexandr Wang—but insiders warn that deep internal dysfunction could sabotage the effort.

Meta’s decision to create an ambitious new “superintelligence” AI research lab headed by Scale AI’s Alexandr Wang is a bold bid for relevance in its fierce AI battle with OpenAI, Anthropic, and Google.

Meta eyes a $10 billion deal with Scale AI, signaling a stronger push for A.I. research and innovation, with potential shifts in the tech industry’s power dynamics.