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Meta just made a $14.3 billion bet on data-labeling company Scale AI, but it's not a traditional takeover: Meta's taking a 49% stake in the company and adding Scale's co-founder Alexandr Wang to its team.
Meta Platforms (META) finalized a lofty investment into Scale AI that now values it at $29 billion. Not only will Scale AI aid in Meta's A.I.
More than 40 Wall Street analysts label Meta Platforms (NASDAQ:META) stock as a buy.
NEW YORK CITY, NY / ACCESS Newswire / June 13, 2025 / Pomerantz LLP is investigating claims on behalf of investors of Meta Platforms, Inc.("Meta" or the "Company") (NASDAQ:META). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.
@ProsperTradingAcademy's Scott Bauer says Meta Platforms (META) is a stock to "buy the dip" on any pullback, saying it continues to build its position in A.I. META announced a $14.3B investment into Scale AI as Mark Zuckerberg aims to create a superintelligence lab.
Mark Zuckerberg has reorganized his company's ambitions around a hypothetical future that is suddenly the talk of Silicon Valley.
Meta has also poached the founder of AI startup Scale AI to work on the tech giant's own AI ambitions.
Scale AI announced a major new investment by Meta late Thursday that values the startup at more than $29 billion and puts its founder to work for the tech titan.
Data-labeling company Scale AI confirmed on Friday that it has received a “significant” investment from Meta that values the startup at $29 billion. The startup also said its co-founder and CEO Alexandr Wang is stepping down from his role to join Meta and help the bigger company with its AI work.
Meta is investing $14.3 billion into Scale AI, landing the startup's CEO Alexandr Wang to help the company's artificial intelligence efforts. In a memo to employees that he posted on X on Thursday, Wang said he'll be staying on as a director, "continuing to support Scale's mission and long-term vision.
Meta Platforms has finalized an investment in Scale AI that values the startup at over $29 billion, Scale AI said on Thursday.