Meta, the parent company of Facebook and Instagram, is investing a \u201csignificant\u201d amount in Scale AI and hiring the artificial intelligence (AI) company\u2019s young CEO Alexandr Wang. <\/p>\n
The investment, reportedly worth about $14 billion, will bring the 28-year-old tech founder on board to help with Meta\u2019s \u201csuperintelligence efforts.\u201d <\/p>\n
\u201cMeta has finalized our strategic partnership and investment in Scale AI,\u201d Meta said in a statement. \u201cAs part of this, we will deepen the work we do together producing data for AI models and Alexandr Wang will join Meta to work on our superintelligence efforts.\u201d <\/p>\n
Scale AI, founded by Wang in 2016, provides data services for AI companies. Meta’s massive investment values the firm at more than $29 billion. <\/p>\n
Wang noted in a message to staff that he would \u201cnever leave Scale behind\u201d and will remain a member of the board of directors, \u201ccontinuing to support Scale\u2019s mission and long-term vision.\u201d<\/p>\n
Jason Droege, Scale AI\u2019s chief strategy officer, will take over as interim CEO, according to a company press release. <\/p>\n
\u201cWhen this opportunity first presented itself, my immediate reaction was uncertainty,\u201d \u00a0
Wang said in the message posted to Threads on Thursday. \u201cThe idea of not being a Scalien was, frankly, unimaginable. But as I spent time truly considering it, I realized this was a deeply unique moment, not just for me, but for Scale as well.\u201d\u00a0<\/p>\n
\u201cAs you’ve probably gathered from recent news, opportunities of this magnitude often come at a cost,\u201d Wang added. \u201cIn this instance, that cost is my departure.\u201d <\/p>\n
The new partnership comes as Meta seeks to build out a superintelligence lab, focused on creating AI that is smarter than humans \u2014 a step further than the artificial general intelligence sought by many tech and AI companies, according to The New York Times. <\/p>\n","protected":false},"excerpt":{"rendered":"
Meta, the parent company of Facebook and Instagram, is investing a \u201csignificant\u201d amount in Scale AI and hiring the artificial intelligence (AI) company\u2019s young CEO Alexandr Wang. The investment, reportedly<\/p>\n