Meta to pay more than $14 billion for stake in Scale AI and grab the startup’s founder in an unusual deal aimed at bolstering its #Artificial Intelligence .

https://www.theinformation.com/articles/meta-pay-nearly-15-billion-scale-ai-stake-startups-28-year-old-ceo?offer=rtsu-engagement-25&utm_campaign=RTSU%3A+Meta+to+Pay+Ne&utm_content=8894&utm_medium=email&utm_source=cio&utm_term=5933&rc=gzsl71

Meta to Pay Nearly $15 Billion for Scale AI Stake and Startup’s 28-Year-Old CEO

Artificial Intelligence

Meta to pay more than $14 billion for stake in Scale AI and grab the startup’s founder in an unusual deal aimed at bolstering its #Artificial Intelligence .  https://www.theinformation.com/articles/meta-pay-nearly-15-billion-scale-ai-stake-startups-28-year-old-ceo?offer=rtsu-engagement-25&utm_campaign=RTSU%3A+Meta+to+Pay+Ne&utm_content=8894&utm_medium=email&utm_source=cio&utm_term=5933&rc=gzsl71

Jerome Cody

Now that Meta has taken a 50% stake in the company — and stolen away founder and current CEO to Alexandr Wang for its new AGI brain trust — current Scale AI Chief Strategy Officer Droege will take over the reigns as the company’s new CEO. Other Scale employees are also expected to make the jump over to Meta in the coming weeks.

https://www.bloomberg.com/news/articles/2025-06-12/scale-ai-picks-new-ceo-as-wang-set-to-join-meta-after-investment?_bhlid=10fe66bf612ea2882b396ad61076cedcc404f7ec

Now that Meta has taken a 50% stake in the company — and stolen away founder and current CEO to Alexandr Wang for its new AGI brain trust — current Scale AI Chief Strategy Officer Droege will take over the reigns as the company’s new CEO. Other Scale employees are also expected to make the jump over to Meta in the coming weeks.  https://www.bloomberg.com/news/articles/2025-06-12/scale-ai-picks-new-ceo-as-wang-set-to-join-meta-after-investment?_bhlid=10fe66bf612ea2882b396ad61076cedcc404f7ec

Scale AI plans to promote Chief Strategy Officer Jason Droege to serve as its next chief executive officer following a multibillion-dollar investment from Meta Platforms Inc., according to two people familiar with the matter.

Scale AI Picks New CEO as Wang Set to Join Meta After Investment

Bobby

How Meta decided to bet nearly $15 Billion on ScaleAI’s Alexandr Wang
• Mark Zuckerberg began seeking advice from Alexandr Wang in recent months about solutions to Meta’s AI challenges
• White House officials have expressed concerns about a deal between the companies


https://www.theinformation.com/articles/meta-betting-nearly-15-billion-alexandr-wang?offer=rtsu-engagement-25%2Crtsu-featured-articles-pro&utm_campaign=RTSU%3A+Why+Meta+is+in&utm_content=8918&utm_medium=email&utm_source=cio&utm_term=5951&rc=gzsl71

How Meta decided to bet nearly $15 Billion on ScaleAI’s Alexandr Wang • Mark Zuckerberg began seeking advice from Alexandr Wang in recent months about solutions to Meta’s AI challenges • White House officials have expressed concerns about a deal between the companies   https://www.theinformation.com/articles/meta-betting-nearly-15-billion-alexandr-wang?offer=rtsu-engagement-25%2Crtsu-featured-articles-pro&utm_campaign=RTSU%3A+Why+Meta+is+in&utm_content=8918&utm_medium=email&utm_source=cio&utm_term=5951&rc=gzsl71

Meta Platforms CEO Mark Zuckerberg has tried to fix a seemingly existential problem in recent months. His company’s large language model, Llama, was falling behind competitors and struggling to perform as well as models from OpenAI, particularly on complex tasks. Increasingly, Zuckerberg turned ...

Jerome Cody

A group of likeminded people in Artificial Intelligence are talking about this.