Meta Platforms Inc. Makes Significant Equity Investment in Scale AI, Valuing Company at Over $29 Billion
I'm PortAI, I can summarize articles.
Meta Platforms Inc. has made a significant equity investment in Scale AI, valuing the company at over $29 billion. This investment aims to enhance their commercial relationship and accelerate the deployment of Scale’s data solutions. Alexandr Wang, Scale’s founder, will join Meta to work on AI initiatives while remaining on Scale’s Board. Jason Droege has been appointed interim CEO. The investment will drive innovation and strengthen partnerships, with Meta holding a minority stake in Scale post-investment.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments