Meta Could Spend Majority Of AI Budget On Scale AI
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Meta is reportedly investing billions in Scale AI and bringing its CEO Alexandr Wang onboard to lead a new AI team. Is that enough?
Meta's $14 billion investment in Scale AI has triggered a major industry fallout as Google, its largest customer, plans to sever ties over concerns of competitive neutrality. The move jeopardizes Scale's business and creates a surge in demand for independent AI data providers.
Scale AI said Meta has made a "significant new investment" in the company that values the startup at $29 billion. As part of the deal, Scale AI CEO Alexandr Wang will join Meta to work on ...
And Meta just spent about $15 billion to buy a 49% stake in Scale AI. Meta confirmed the deal in a statement late Thursday: "Meta has finalized our strategic partnership and investment in Scale AI.