Scale company company AI confirmed Friday that it has received a “significant” investment from Meta that estimates starting at $ 29 billion. The start also stated that Alexandr Wang’s co -founder and chief executive resigns to participate in Meta and help the biggest company with AI’s work.
Reports indicate This Meta has invested about $ 14.3 billion for a 49% share of startup, which also produces labels used to train large languages that support a significant part of AI genetic development.
Meta confirmed the investment. “META has finalized our strategic cooperation and investment on a AI scale. As part of it, we will deepen the work we do together with AI Models data and Alexandr Wang will participate in META to work in our efforts for our supervision.
Jason Droege, today’s head of Scale, will arrive as a temporary chief executive. The AI scale noted that Meta’s investment will be used to pay investors and shareholders, as well as fuel growth. The company stressed that it remains an independent entity. Wang will continue to the Data labeling company as Director in his Board of Directors.
As my colleague Max Zeff wrote on Wednesday, this investment is a way for Meta to improve AI’s efforts, as Google’s opponents, Openai and Anthropic Rush in front and the social media AI model releases the competition. In addition, according to Singalfire data, The company lost 4.3% of its top talent in other AI laboratories last year.
For the last few years, which leads AI laboratories, such as Openai, they have been based on the AI scale for the production and labeling of data used for model training. In recent months, Scale AI and its data commentary competitors have begun to hire people with high specialization, such as doctoral and higher engineering scientists, to create high quality data for Frontier AI Labs.
Just last year, Scale AI increased $ 1 billion last year by investors, including Amazon and Meta valued at $ 13.8 billion.
