Meta Platforms Inc. Chief Executive Mark Zuckerberg’s effort to scale up the company’s artificial-intelligence ambitions took their latest step forward with an investment in ScaleAI and the poaching of the the data-labeling AI startup’s founder.

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

Alexandr Wang cofounded Scale AI. He's about to become a very expensive hire at Meta.

Meta’s financial performance has remained robust ... AMZN), and emerging AI startups vying for market share. Meta’s investments in AI and infrastructure are aimed at maintaining its leadership ...

Key Takeaways Meta invests $15B in Scale AI to boost its Artificial Intelligence capabilities.The deal positions Meta as a serious contender in Artificial Gener

According to the report, Meta was already a participant in Scale AI's $1 billion Series F funding round, which set the company's valuation at $13.8 billion. Scale AI also built Defense Llama, a large language model designed for military use, on top of Meta's Llama 3.

Stablecoins gain traction with Fortune 500 firms as banks worry. Meta acquires Scale AI in a $15 billion deal to chase AI dominance. Guggenheim and Ripple partner on digital debt.