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Meta has made a significant move in the artificial intelligence race by acquiring a 49% stake in data-labeling startup Scale AI for a staggering $14.3 billion. This investment values Scale AI at over $29 billion and brings Scale AI's founder and CEO, Alexandr Wang, on board to lead a new "superintelligence" lab within Meta. The move underscores Meta's determination to accelerate its AI development and compete more effectively with industry leaders like OpenAI and Google.
This strategic acquisition signifies a shift in Meta's approach to AI development, where Zuckerberg has been personally recruiting top researchers from other companies. Scale AI, while not widely known to the public, plays a crucial role in the AI ecosystem by providing the labeled training data that powers large language models. They have a global workforce of over 200,000 contractors to label various forms of data. By bringing Wang and a portion of his team in-house, Meta aims to gain a competitive edge in building AI models that surpass human capabilities.
Wang, who founded Scale AI in 2016 after dropping out of MIT, has grown the company into a major player in the AI industry. Scale AI works with business, governments and labs to exploit the benefits of artificial intelligence, and has a client list that includes OpenAI, Microsoft, Meta, Google, and the U.S. Department of Defense. As Wang departs for Meta, Jason Droege, former Uber Eats founder and current Chief Strategy Officer will step in as interim CEO to ensure that Scale AI continues to operate independently despite Meta's significant stake.
ImgSrc: www.zdnet.com
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This strategic acquisition signifies a shift in Meta's approach to AI development, where Zuckerberg has been personally recruiting top researchers from other companies. Scale AI, while not widely known to the public, plays a crucial role in the AI ecosystem by providing the labeled training data that powers large language models. They have a global workforce of over 200,000 contractors to label various forms of data. By bringing Wang and a portion of his team in-house, Meta aims to gain a competitive edge in building AI models that surpass human capabilities.
Wang, who founded Scale AI in 2016 after dropping out of MIT, has grown the company into a major player in the AI industry. Scale AI works with business, governments and labs to exploit the benefits of artificial intelligence, and has a client list that includes OpenAI, Microsoft, Meta, Google, and the U.S. Department of Defense. As Wang departs for Meta, Jason Droege, former Uber Eats founder and current Chief Strategy Officer will step in as interim CEO to ensure that Scale AI continues to operate independently despite Meta's significant stake.
ImgSrc: www.zdnet.com
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References :
- Maginative: Meta has acquired a 49% stake in data-labeling startup Scale AI for $14.3 billion, bringing CEO Alexandr Wang on board to lead a new "superintelligence" lab as the company scrambles to catch up in the AI race.
- SiliconANGLE: 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.
- techxplore.com: Scale AI announced a major new investment by Meta late Thursday that values the startup at more than $29 billion and puts its founder to work for the tech titan.
- AIwire: Meta Taps Scale AI CEO to Lead New Superintelligence Lab
- Verdict: Meta invests in Scale AI and appoints founder to lead AI unit
Classification:
- HashTags: #AI #Meta #Superintelligence
- Company: Meta
- Target: AI advancement
- Product: Llama
- Feature: Superintelligence Lab
- Type: AI
- Severity: Informative