Meta finalizes investment in Scale AI, valuing startup at $29 billion

Meta Platforms has finalized 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 co-founder 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.