Factbox-Metas Scale AI stake buyout spotlights other major deals amid regulatory risks

(Reuters) -Meta has finalized a $14.3 billion purchase of a 49% stake in data labeling startup Scale AI, according to sources familiar with the matter.

Scale AI said late on Thursday that the deal would value it at $29 billion and that the startup’s chief executive, Alexandr Wang, would join Meta to head a new team focused on artificial general intelligence, the latest twist in Silicon Valley’s race toward the cutting-edge technology.