Meta’s $15bn Bet on Scale AI: A Ploy to Recruit Alexandr Wang to Lead Its Lab?

Meta is reportedly finalizing a $15 billion investment to acquire a 49 percent stake in Scale AI, a fast-rising artificial intelligence data labeling company led by 28-year-old CEO Alexandr Wang. While the deal values Scale AI at $30 billion, nearly double its valuation from just a year ago, industry observers believe the transaction is more [...]The post Meta’s $15bn Bet on Scale AI: A Ploy to Recruit Alexandr Wang to Lead Its Lab? appeared first on Tekedia.

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