A total of 49% non-voting shares in Scale AI are now owned by the Meta after they made an investment of $14.3 billion. It is one of the biggest investments ever made in the history of artificial intelligence as the deal values the data infrastructure firm at approximately $29 billion.
The CEO and co-founder of Scale AI, Alexander Wang will join Meta’s recently established superintelligence branch as part of the agreement. The group’s main goal is to create artificial general intelligence (AGI) systems that can think like humans or better.
By creating machines that has the ability to think, plan, as well as the ability to make autonomous decisions, Meta’s superintelligence unit aspires to expand beyond classic generative AI models.
Wang’s acquisition is anticipated to strengthen Meta’s efforts, by combining the data labeling and training capabilities of Scale AI with the current AI research infrastructure of Meta.
The plan of Meta to go up against major AI developers like OpenAI, Google DeepMind, as well as Anthropic is made clear through the alliance between Meta and Scale AI. Meta hopes to improve the development process for next-generation AI models and to merge talent by partnering with Scale AI.
The partnership with Scale AI is supposed to offer great strategic authority to Meta, even though its 49% shares doesn’t include the right to vote.
Additionally, the investment made by Meta in Scale AI also emphasizes a growing trend that shows the tech businesses are building close connections in order to acquire resources and knowledge in the constantly changing field of AI.
Loading ...
