PANews June 13 news, according to Decrypt, Meta announced the acquisition of a 49% stake in data labeling company Scale AI for $14.3 billion, valuing it at $29 billion, making it the second largest investment in its history. Founder Alexandr Wang will join Meta to lead the newly established “Super Intelligence Lab,” focusing on the research and development of artificial general intelligence (AGI). This move highlights Meta’s acceleration in catching up with OpenAI and Google’s AI strategy. The deal structure allows Scale to operate independently to ease regulatory pressure.
This morning’s report states that Scale AI has announced a new round of investment from Meta, with a valuation exceeding $29 billion.
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