Meta is making a $14.3 billion investment in artificial intelligence company Scale and recruiting its CEO Alexandr Wang to ...

In a bold move to rejuvenate its lagging artificial intelligence division, Meta has invested $14.3 billion to acquire a 49% ...

Meta Platforms has finalized a massive $14.3 billion investment in Scale AI, acquiring a 49% stake in the data-labeling ...

Grateful to Alexandr Wang for his visionary leadership — and for the trust to help lead Scale AI into its next chapter. His ...

Wang will remain involved with Scale AI as a board member and is expected to bring several employees with him to Meta. He has ...

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 ...

It’s easily the most expensive hire of all time, dwarfing the billions that Google spent to rehire Noam Shazeer and his core ...

Meta made waves last week with its blockbuster investment in startup Scale AI, whose CEO will join Meta's new Superintelligence Lab. But the deal is raising questions about "acquihire" arrangements, ...

Forbes has learned the deal includes a provision to establish a 5-year commercial agreement in the hundreds of millions annually.