June 30, 2025

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Investment

Scale AI confirms ‘significant’ investment from Meta, says CEO Alexandr Wang is leaving

  • June 13, 2025

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. Reports indicate that Meta

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Investment

Meta in talks for Scale AI investment that could top US$10 billion

  • June 8, 2025

Meta Platforms is in talks to make a multibillion-dollar investment into artificial intelligence start-up Scale AI, according to people familiar with the matter. The financing could exceed US$10 billion in value, some of the people said, making it one of the largest private company funding events of all time. The terms of the deal are

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