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.

Technology Technology The Big Story  Meta invests in Scale AI, taps CEO for ‘superintelligence’ push Meta, the parent company of Facebook and Instagram, is investing a

Scale said late on Thursday that the deal values it at $29 billion and its CEO Alexandr Wang will join Meta to play a prominent role in the Facebook owner's AI strategy.

Meta is making a $14.3 billion investment in artificial intelligence company Scale and recruiting its CEO Alexandr Wang to join a team developing “superintelligence” at the tech giant.

Meta is making its first major minority investment in an outside company as it tries to catch up to a growing field of artificial intelligence rivals.

Meta is discussing a multi-billion dollar investment in Scale AI, according to Bloomberg. In fact, the deal value could reportedly exceed $10 billion, making it the largest external AI investment for the Facebook parent company and one of the largest funding events ever for a private company.

Meta lures 28-year-old Scale AI CEO Alexandr Wang to lead new superintelligence unit after a $14.3B investment in his company

Scale CEO and co-founder Alexandr Wang will lead Meta's new "Superintelligence" division following the deal The post Meta Invests $14.3 Billion in Scale AI as Zuckerberg Builds New Artificial Intelligence Team appeared first on TheWrap.

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Mark Zuckerberg is spearheading Meta's ambitious pursuit of superintelligence by personally recruiting a 50-person team. He's offering lucrative compensation packages to attract top AI talent from competitors.