Scale AI confirms investment in ‘significant’ investment from meta, as CEO Alexanr Wang will leave

Scale AI confirms investment in ‘significant’ investment from meta, as CEO Alexanr Wang will leave

Data-Legeling Company Scale Ai Confirmed On Friday it receives a “important” investment from the meta valuing at the beginning of $ 29 billion. Startup also said the co-founder and CEO Alexandr Wang who came out of his role to join MEA and help the larger company of AI work.

REPORT introduce That meta invests about $ 14.3 billion for a 49% start stake, which produces data underpining a significant part of the development of generative ai.

Meta proves investment. “Meta finished our strategic partnership and investing in scale ai

Jason Dreroe, Scale’s Chief Strategy Officer, will prompt the interim CEO. The scale says that META investments will be used to pay for investors and shareholders, as well as fuel growth. Promoted by the company it remains an independent entity. Wang will continue with data-legeling firm as a director on the board.

As my colleague wrote Max Zeff on Wednesday, this investment is a way for Meta to improve AI’s efforts, the Opuaki of AI on social media fashion Trail the competition. In addition, according to data through Singalfire, The company lost 4.3% of its top talent in other AI labs last year.

In the last many years, leading labs of AI such as Openi depend on AI scale to produce data used in train models. In recent months, Scale AI and its data annotation competitors began to hire experienced people, such as PhD scientists and older qualities of AI

Last year, scale ai raised $ 1 billion last year from investors including Amazon and Meta to a valuation of $ 13.8 billion.

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