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Meta finalises $14.3 billion investment in Scale AI
Gulf Today
|June 15, 2025
Facebook-owner Meta has finalised the $14.3 billion purchase of a 49 per cent stake in data-labeling startup Scale AI, according to two sources familiar with the matter.
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Scale said that the deal values it at $29 billion and its CEO Alexandr Wang will join Meta to play a prominent role in the Facebook owner's AI strategy.
Scale’s chief strategy officer, Jason Droege, will serve as its interim CEO, Scale AI said.
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