Meta finalises Scale AI deal, valuing startup at $29 billion; recruits its CEO for ‘superintelligence’ team

Meta Platforms has finalised an investment in Scale AI that values the startup at over $29 billion, Scale AI said on Thursday.

Two sources familiar with the matter said that Meta’s investment in Scale AI amounts to $14.3 billion.

The sources said that Scale CEO and cofounder Alexandr Wang will join a new “superintelligence” unit inside Meta to achieve artificial general intelligence (AGI), a term that refers to machines that can match or surpass human capabilities.