Scale AI focuses on providing large technology companies with labeled data needed to train artificial intelligence models, and its customers include the US government, Microsoft, OpenAI, etc.
analysis pointed out that Meta's move aims to speed up the research and development of its generative AI products and narrow the gap with major competitors such as OpenAI and Google.
In terms of personnel adjustments, Scale AI appoints former Chief Strategy Officer Jason Droege as interim CEO, and Wang Tao will continue to serve as a member of the company's board of directors. Droger has served as a senior executive at Uber and has rich experience in entrepreneurship and expansion in technology.
Artificial intelligence data platform Scale AI announced that it has received capital injection from Facebook's parent company Meta (NASDAQ: META), with a transaction valuation of more than US$29 billion (about S$37.1 billion). Founder and former CEO Alexandr Wang will join Meta to participate in artificial intelligence-related projects.
Reuters reported that Meta will hold part of the equity of Scale AI, but did not disclose the specific amount, which only stated as a "important investment" and will become a minority shareholder.