The social media giant is getting CEO Alexandr Wang in a $14.3 billion deal with Scale AI, as it plans to build out ‘superintelligent’ systems.

Meta's $14 billion investment in Scale AI has triggered a major industry fallout as Google, its largest customer, plans to sever ties over concerns of competitive neutrality. The move jeopardizes Scale's business and creates a surge in demand for independent AI data providers.

Now, Meta is slated to launch a research lab devoted to building superintelligent AI, according to a report from The New York Times. Alexander Wang, the 28-year-old founder of Scale AI, a startup that helps companies build AI apps, which could receive a multibillion-dollar investment from Meta soon, will reportedly join the new lab.

Meta META is reportedly preparing to invest more than $10 billion in Scale AI, a startup providing high-quality labeled data to companies building next-generation AI models, including OpenAI and Microsoft MSFT. If finalized, the deal would rank among the largest private funding rounds in tech history, Bloomberg reports.

Meta Platforms has reportedly agreed to purchase a 49% stake in Scale AI, a US-based AI startup, for $14.8bn. The deal was reported first by The Information, which cited sources familiar with the matter.

Meta Platforms has agreed to take a 49% stake in artificial intelligence startup Scale AI for $14.8 billion, The Information reported on Tuesday, citing two people familiar with the matter.

Meta delayed the release of its flagship “Behemoth” AI model due to concerns about its capabilities ... Scale AI could be designed to avoid more regulatory scrutiny. Scale AI was valued ...

Key Takeaways Meta invests $15B in Scale AI to boost its Artificial Intelligence capabilities.The deal positions Meta as a serious contender in Artificial Gener

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Scale AI provides vast amounts of labeled data or curated training data, which is crucial for developing sophisticated tools such as OpenAI's ChatGPT. The deal, which has not been finalized yet, appears to be beneficial for Scale AI's investors,

Meta agreed to take a 49% stake in artificial intelligence startup Scale AI for $14.8 billion, The Information reported.

Alexandr Wang dropped out of MIT to co-found Scale and was quickly lauded as one of Silicon Valley's most promising entrepreneurs, raising funding from blue-chip venture capital firms and achieving billionaire status in his 20s.