Meta, Scale
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Meta is paying $14.3 billion to buy 49-percent of Scale AI and hire its CEO, Alexandr Wang, to reboot its troubled AI efforts.
Meta eyes a $10 billion deal with Scale AI, signaling a stronger push for A.I. research and innovation, with potential shifts in the tech industry’s power dynamics.
Alexandr Wang co-founded Scale AI at 19. Thanks to the rapid growth of the San Francisco data-labeling company, he was a billionaire at 24. Now 28, he’s a controversial figure, facing wage theft lawsuits from workers and pontificating in Washington about the existential stakes of artificial intelligence.
primarily from Meta. The rival company’s own efforts with AI and its ongoing collaboration with EssilorLuxottica have already given rise to what are the most prevalent and high-profile smart ...