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 ...

Before Meta inked its $14.3 billion investment in Scale AI, its founder had already formed a close relationship with Meta CEO.

Meta’s move to take a significant stake in Scale AI isn’t just another strategic investment. It’s an admission: human data is ...

Wang will remain on Scale AI's board, with the company set to “substantially expand” its commercial relationship with Meta “to accelerate deployment of Scale’s data solutions.” Scale AI hit $870 ...

Tech giant Meta is investing more than $14 billion to acquire a 49% stake in artificial intelligence firm Scale AI, the San Francisco-based company's CEO confirmed on X.

Meta is pumping $14.3 billion into Scale AI as part of the deal, and will have a 49% stake in the artificial intelligence startup, but will not have any voting power, a Scale AI spokesperson said.

Meta, the parent company of Facebook and Instagram, is investing a “significant” amount in Scale AI and hiring the artificial intelligence (AI) company’s young CEO Alexandr Wang. The investment, ...

Meta has been banning Instagram and Facebook accounts at scale, leaving some users confused and angry. Reports from the ...

Meta is planning its fourth restructuring of artificial intelligence (AI) efforts in six months to streamline operations, ...

Facebook parent Meta is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal has reported citing people familiar with the matter.