Meta, Scale
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By Jody Godoy (Reuters) -Facebook owner Meta's $14.8 billion investment in Scale AI and hiring of the data-labeling startup's CEO will test how the Trump administration views so-called acquihire deals,
Meta's acquisition of Scale AI for a reported US$14.3 billion marks a significant step in its push to strengthen artificial intelligence capabilities, joining the growing wave of US tech giants leveraging acqui-hire deals to stay competitive in the generative AI race.
Google has decided to end its partnership with Scfale AI after Meta acquired 49% stake in the company and its CEO, Alexander Wang joined Meta, as concern for data security grows.
Meta Platform Chief Executive Mark Zuckerberg’s efforts to shape up the company’s artificial-intelligence ambitions took a step forward with an investment in ScaleAI and the poaching of its founder.
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.