Meta is in talks to invest $14 billion in Scale AI

Meta in Talks to Invest $14 Billion in Scale AI

According to people familiar with the matter, Meta is in advanced talks to invest about $14 billion in Scale AI and hire the startup's CEO, Wang Tao, to help lead its AI projects. The deal would be one of the largest external investments in the company's history and signals a major move to restructure its AI business, which has faced setbacks, including the delay of the launch of an important new model. As part of the proposed deal, which is still being finalized, other employees of Scale AI will join Meta alongside Wang Tao to work on a new project to develop an advanced AI called "Super Intelligence." The investment would give Meta a 49% stake in Scale AI. The social media giant and the startup have discussed an arrangement under which Meta would receive non-voting shares.

—— The Wall Street Journal

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