Data Tagging Company Scale AI confirmed On Friday, it received a “significant” investment of META, which estimates the start at $ 29 billion. The launch also said that its co-founder and general manager Alexandr Wang resigns from his role to join Meta and help the larger company through its AI work.
Reports to indicate This meta has invested about $ 14.3 billion for 49% participation in the startup, which produces and labels data that is used to train the large language models that support a significant share of generative AI development.
Meta confirmed the investment. “Meta has ended our strategic partnership and investment on AI scale. As part of this, we will deepen the work we do together producing data for AI models and Alexandr Wang will join Meta to work on our dominants.
Jason Droege, Scale’s current Chief Strategic Officer, will enter as acting general manager. Skala AI noted that Meta’s investment will be used to pay investors and shareholders, as well as to feed growth. The company emphasized that it remains an independent entity. Wang will continue at the data tag company as a director on its board.
As my colleague Max Zeff wrote on Wednesday, this investment is a way to meta to improve its AI efforts like its rivals Google, Openai and Antropic Rush forward, and the social media model track the competition. Moreover, according to Singalfire data, The company lost 4.3% of its highest talent against other AI labs last year.
Over the last couple of years, leading AI labs such as Openai have trusted Scale AI to produce and label data that are used to train models. In recent months, Scale AI and its data commentary competitors have begun to hire very skilled people, such as doctoral scientists and senior software engineers, to generate high quality data for Frontier AI Labs.
Just last year, Skala Ai raised $ 1 billion last year by investors including Amazon and Meta at an estimate of $ 13.8 billion.
