June 13, 2025:
Meta Makes Major Investment in Scale AI - Scale AI has received a significant investment from Meta, which now values the data-labeling firm at $29 billion. Meta's $14.3 billion acquisition for a 49% stake results in CEO Alexandr Wang stepping down to join Meta's AI efforts. Despite this, Scale AI maintains its independence, appointing Jason Droege as interim CEO.
The partnership targets enhancing Meta's AI capabilities amid competition from Google, OpenAI, and others. AI labs will continue relying on Scale for data production. The investment supports growth and shareholder payouts, with Wang retaining a position on Scale's board.
