Data labeling business scale AI confirmed On Friday it received an “important” investment from Meta that appreciates the startup at $ 29 billion. The startup also said that his co-founder and CEO Alexandr Wang resign from his role to become a member of Meta and help the larger company with his AI work.
Report assign That Meta invested around $ 14.3 billion for an interest of 49% in the startup, which produces and labels data that is used to train the large language models that support a considerable part of the generative AI development.
Meta confirmed the investment. “Meta has completed our strategic partnership and investments in scale AI. As part of this we will deepen the work that we do together to produce data for AI models and Alexandr Wang will become a member of Meta to work on our superintelligence efforts. We will share more about these efforts and the great people to tell this team in the coming weeks,” “” Techcrunch.
Jason, the current Chief Strategy Officer of the Scale, will jump as an interim -CEO. Scale AI noted that Meta’s investment will be used to pay investors and shareholders, as well as to stimulate growth. The company emphasized that it remains an independent entity. Wang will continue at the Data label company as director in the board.
As my colleague Max Zeff wrote on Wednesday, this investment is a way for Meta to improve its AI efforts such as its Rivals Google, OpenAi and anthropic almost ahead, and its own AI model of the social media company releases competition. Plus, according to data from Singalfire, Last year the company lost 4.3% of its top talent to other AI Labs.
In recent years, leading AI laboratories such as OpenAi have been familiar with ai scale to produce and label data used to train models. In recent months, Scale AI and his data annotation competitors have started hiring very skilled people, such as PhD students and senior software engineers, to generate high-quality data for Frontier AI Labs.
Last year AI collected $ 1 billion from investors last year, including Amazon and Meta with a rating of $ 13.8 billion.
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