Mark Zuckerberg’s investment in Scale AI and its founder, Alexandr Wang, shows how artificial-intelligence startups have become farm teams for the big-spending giants.

Data is the battleground, and Scale’s pipelines may just be the most valuable trenches.” This comment in a recent industry report captures the thinking behind Meta’s splashy $15 billion buyout of Scale AI a development that has stunned Silicon Valley and beyond.

Alexandr Wang dropped out of MIT to co-found Scale and was quickly lauded as one of Silicon Valley's most promising entrepreneurs, raising funding from blue-chip venture capital firms and achieving billionaire status in his 20s.

Alexandr Wang cofounded Scale AI. He's about to become a very expensive hire at Meta.

Meta Platforms Inc. keeps writing bigger checks in pursuit of its artificial intelligence strategy, and traders keep cheering it on, encouraged that the expensive bets will keep paying off.

Meta Platforms Inc. Chief Executive Mark Zuckerberg’s effort to scale up the company’s artificial-intelligence ambitions took their latest step forward with an investment in ScaleAI and the poaching of the the data-labeling AI startup’s founder.

Scale said late on Thursday that the deal values it at $29 billion and its CEO Alexandr Wang will join Meta to play a prominent role in the Facebook owner's AI strategy.

Technology Technology The Big Story  Meta invests in Scale AI, taps CEO for ‘superintelligence’ push Meta, the parent company of Facebook and Instagram, is investing a

Scale AI plans to name Chief Strategy Officer Jason Droege as its next CEO following a multibillion-dollar investment from Meta, Bloomberg reported. Founder and current CEO Alexandr Wang is expected to leave the data-labeling startup and join Meta as part of the deal,

Stablecoins gain traction with Fortune 500 firms as banks worry. Meta acquires Scale AI in a $15 billion deal to chase AI dominance. Guggenheim and Ripple partner on digital debt.

Meta said Thursday it is making a large investment in artificial intelligence company Scale and recruiting its CEO Alexandr Wang to join a team developing "superintelligence" at the tech giant.