Meta Platforms has reportedly decided to purchase a 49% share in Scale AI for an estimated $14.8 billion. This investment highlights Meta’s dedication to enhancing its AI capabilities by acquiring a vital resource for creating advanced AI tools.
Scale AI is well-known for its proficiency in delivering high-quality labeled data, which is essential for training and improving sophisticated AI models. The company was last valued at $13.8 billion in 2024, indicating a swift rise in its valuation. Scale AI reported around $870 million in revenue in 2024 and anticipates strong growth, expecting to exceed $2 billion in revenue this year.
This strategic alliance is the incorporation of Scale AI’s leadership into Meta’s organizational framework. Reports indicate that Scale AI CEO Alexandr Wang is poised to assume a significant position within Meta, where he will oversee a newly formed “superintelligence” lab. This development implies a close collaboration aimed at advancing AI research and development.
The acquisition of a significant stake in Scale AI is expected to provide Meta with direct access to critical data labeling infrastructure and expertise, streamlining its efforts to build more advanced and capable AI systems across its diverse platforms. This investment signals Meta’s aggressive strategy to solidify its position at the forefront of the global AI race.
Also read:Â Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream formerly known as CIO News LinkedIn Account | The Mainstream formerly known as CIO News Facebook | The Mainstream formerly known as CIO News Youtube | The Mainstream formerly known as CIO News Twitter |The Mainstream formerly known as CIO News Whatsapp Channel | The Mainstream formerly known as CIO News Instagram
About us:
The Mainstream formerly known as CIO News is a premier platform dedicated to delivering latest news, updates, and insights from the tech industry. With its strong foundation of intellectual property and thought leadership, the platform is well-positioned to stay ahead of the curve and lead conversations about how technology shapes our world. From its early days as CIO News to its rebranding as The Mainstream on November 28, 2024, it has been expanding its global reach, targeting key markets in the Middle East & Africa, ASEAN, the USA, and the UK. The Mainstream is a vision to put technology at the center of every conversation, inspiring professionals and organizations to embrace the future of tech.
