Yesterday we reported that Meta would invest $10 billion in Scale AI. This morning, according to a report by The Information, Meta has paid $15 billion to acquire a 49% stake in Scale AI. The company, which was founded 9 years ago, is responsible for offering labeled data to make it easier for artificial intelligence (AI) models to be better trained.
Scale AI CEO Alexandr Wang will then be given a high-ranking position at Meta and will lead the Superintelligence team that we reported yesterday. This is to ensure that Meta will be the first company to offer artificial general intelligence (AGI) while also dominating the increasingly competitive AI world over the past three years.
Issues involving the AI model Behemoth that did not meet Meta's set targets this year became the catalyst for Meta's purchase of Scale AI. As Meta did before, Zuckerberg's practice of acquiring other companies' better products such as WhatsApp and Instagram has continued.
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 on AI and AI-powered smart glasses. In fact, through a partnership 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 pot of gold at the end of the rainbow is AGI and Zuckerberg is refusing to let this opportunity pass him by, even though Facebook was previously left starving by feeding Meta Horizon Worlds to the tune of billions in losses.