Scale AI, a leading data-labeling startup, has confirmed a significant investment from Meta, with the tech giant valuing the company at $29 billion. As part of the deal, Meta will invest around $14.3 billion for a 49% stake in Scale AI. This investment is a strategic move for Meta to improve its AI efforts, particularly in developing large language models.
The deal also marks a leadership change at Scale AI, with co-founder and CEO Alexandr Wang stepping down to join Meta and work on the company's superintelligence efforts. Jason Droege, Scale's current chief strategy officer, will take over as interim CEO. Wang will continue to serve on Scale AI's board, and the company will remain an independent entity.
Scale AI provides critical data labeling services to top AI labs, including OpenAI, Google, and Meta. Its data annotation services are essential for training large language models, and the company has experienced rapid growth, generating $870 million in revenue in 2024.
This investment will help accelerate innovation and strengthen strategic partnerships with customers. With Meta's backing, Scale AI is poised to play a crucial role in shaping the future of AI development. The deal highlights the growing importance of data labeling in the AI ecosystem and Meta's commitment to advancing its AI capabilities.
