Meta Platforms is set to acquire a 49 percent stake in Scale AI for nearly$15 billion, marking its largest-ever deal.
CEO Mark Zuckerberg sees The agreement as a significant move to accelerate Meta's push into AI instead of relying solely on in-house development.
Scale AI, founded in 2016, supplies curated training data to major players such as OpenAI, Google, Microsoft and Meta. The company expects to more than double its revenue in 2025 to around$2 billion.
Once the deal is finalised, Scale AI CEO Alexandr Wang is expected to join Meta's new AI team focused on developing artificial general intelligence (AGI).
According to Bloomberg, Zuckerberg is hiring around 50 people for a 'superintelligence' team.
The effort aligns with Meta's broader AI plans, including capital expenditure of up to$65 billion in 2025 to expand its AI infrastructure instead of falling behind rivals in the AI race.
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