Scale AI confirms ‘significant’ investment from Meta, says CEO Alexandr Wang is leaving

Data-Lelbeling Organization Scale AI Confirmed On Friday that it got an “important” investment from the meta that gives startup the price of $ 29 billion. The startup also said that its co-founder and CEO, Alexandra Wang, is resigning from his role to join the Meta and to help the large company support its AI work.

Report Indicate The meta that invested about $ 14.3 billion for 49% portion, which includes and labeled the large language models that include a significant part of the generator AI development.

Meta confirmed investment. “Meta has finalized the investment in our strategic partnership and scale AI. As part of this, we will deepen data manufacturing work for AI models and Alexandra Wang will join our superjection efforts to work on the effort. “

The current chief strategy officer of the scale, Jason Drawage, will be the interim chief executive officer. Scale AI points out that Meta will be used to invest in investors and shareholders as well as growth. The company emphasized that it remained an independent entity. Wang will continue to be the director of his board at the data-labeled firm.

My colleague Max Jeff wrote on Wednesday, this investment is a way to improve his AI effort as his rival to Meta as his rival and anthropological crowds a way to improve his AI effort and Social Media Organization’s own AI model release Competition trailThe Plus, according to the data of the singlefire, The company lost 4.3% of its top talented in other AI labs last yearThe

Over the past several years, top AI labs like Openai have relied on scale AI to produce and label data used for training models. In recent months, the scale AI and its data vaccine competitors have begun to recruit high quality data for Frontier AI labs, such as PhD scientists and senior software engineers.

Just last year, scale raised AI $ 1 billion last year from investors including Amazon and Meta In the evaluation of $ 13.8 billion.