A few days ago we reported that Meta had paid $15 billion to acquire a 49% stake in Scale AI. The company, founded 9 years ago, is responsible for offering labeled data to better train artificial intelligence (AI) models. Today, Meta finally confirmed that they have invested $14.3 billion (~RM 60.4 billion) in Scale AI to hold a 49% stake in the company, according to Bloomberg.
Scale AI CEO Alexandr Wang has moved to Meta and is leading the Superintelligence team that Mark Zuckerberg himself founded. This is to ensure that Meta will be the first company to offer artificial general intelligence (AGI) and dominate the increasingly competitive AI world over the past three years. Scale AI Chief Strategy Officer Jason Droeg has now been promoted to CEO to replace Wang, according to a CNBC report.
Issues involving the AI Behemoth's models not meeting targets set by Meta this year were the catalyst for Meta's purchase of Scale AI. As Meta has done before, Zuckerberg continues his practice of acquiring better products from other companies such as WhatsApp and Instagram.
Although the company now uses the Meta name, the world of meta has not left Zuckerberg's lips for a long time. Instead, the company's focus is now focused on AI and AI-powered smart glasses. In fact, through a collaboration with Anduril last week, they are now also entering the military technology arena.
Throughout 2023, Scale AI generated $800 million in revenue and is expected to generate $2 billion this year. It is clear that the next golden pot at the end of the rainbow is AGI and Zuckerberg is reluctant to pass up this opportunity even though Facebook was previously left starving by feeding Meta Horizon Worlds to the tune of tens of billions in losses.