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Meta invests about $14.3B in Scale AI; Alexandr Wang joins Meta
Meta announced a new investment valuing Scale AI at over $29 billion, reported at about $14.3 billion for a 49% non-voting stake. Founder Alexandr Wang left Scale to join Meta while staying on the board; strategy chief Jason Droege became interim CEO.
- Meta's $14.3B investment values Scale at 29B+; acquires 49% non-voting stake.
- Alexandr Wang departs Scale to join Meta; stays on board.
- Jason Droege (strategy chief) becomes interim CEO of Scale.
- Deal aimed at accelerating deployment of Scale's data solutions for Meta.