Scale AI Gets Meta Investment That Values It at More Than $29 Billion The data-labeling company said proceeds from the investment will be distributed to its shareholders, accelerate innovation and ...

As part of the deal, Wang will report directly to Meta CEO Mark Zuckerberg, the company announced on Thursday. He will lead a new AI lab inside Meta tasked with building “superi ...

Meta ( NASDAQ: META) announced a $14.3 billion investment in artificial intelligence firm Scale, acquiring a 49% stake and valuing the San Francisco-based company at over $29 billion.

Meta has finalized a huge $14.3 billion investment in Scale AI, a fast-growing company that builds tools to train AI systems. The tech firm now has a 49% non-voting stake in Scale AI after investing a ...

Meta has taken a minority stake in Scale AI at a $29 billion valuation, appointing former Uber Eats chief Jason Droege as interim CEO as founder Alexandr Wang joins Meta's internal AI team.

Crude oil prices surged after Israel attacked Iran's nuclear facilities. The worsening conflict in the Middle East raises the risk of not just oil supply disruptions from key producing nations, but ...

Meta is investing $14.3 billion into Scale AI, landing the startup’s CEO Alexandr Wang to help the company’s artificial intelligence efforts.

(Reuters) -Meta has finalized a $14.3 billion purchase of a 49% stake in data labeling startup Scale AI, according to sources familiar with the matter. Scale AI said late on Thursday that the deal ...

Mark Zuckerberg's biggest bet on Meta AI will ride on the back of a fellow dropout who has dazzled Silicon Valley over the last decade.

Scale AI has been valued at more than $29 billion after a significant investment from Meta Platforms that will see founder Alexandr Wang join the social-media giant to work on its AI efforts.

Scale AI Inc. says its founder and Chief Executive Alexandr Wang is leaving to join Meta Platforms Inc., after confirming that the social media giant has made a “significant” investment in the company ...