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Facebook-owner Meta has invested in Scale AI in a deal that values the data-labeling startup at $29 billion and brings in its 28-year-old CEO, Alexandr Wang, to play a prominent role in the tech giant’s artificial intelligence strategy.
Meta will take a 49% stake for $14.3 billion, according to two sources familiar with the matter.
“We will deepen the work we do together producing data for AI models and Alexandr Wang will join Meta to work on our superintelligence efforts,” Meta said in a statement that did not disclose financial terms.
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