Meta to acquire a 49% stake in Scale AI for $14.3bn.

Meta, an American multinational technology company, agreed to acquire a 49% stake in Scale AI, an AI company, for $14.3bn. “Meta’s new investment and our broadened commercial agreement is a testament to the incredible work and dedication of the entire Scale team, and the tremendous upside that lies ahead for Scale. Scale has led the charge in accelerating AI development because we don’t just adapt to change, we drive it. We have built the strongest foundation to tackle AI’s data challenges and push the boundaries of what’s possible. I’m dedicated to working with our talented team to continue realizing Alex’s vision of bringing the benefits of AI to everyone. To our valued customers, we remain committed to partnering with you to build customized AI solutions that transform your organizations,” Jason Droege, Scale Interim Chief Executive Officer.