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Scale of the AI data labeling company confirmed Friday, that he received a “significant” investment from Meta which values the startup at 29 billion dollars. The startup also indicated that its co-founder and CEO Alexandr Wang withdraws from its role to join Meta and help the biggest company work on AI.
Reports indicate This meta has invested approximately $ 14.3 billion for a 49% stake in the startup, which produces and label data used to train important language models that underlie a large part of the AI generator development.
Meta confirmed the investment. “Meta finalized our strategic partnership and our investment in the AI scale.
Jason Droege, director of the current SCALE strategy, will be as an interim CEO. The AI scale noted that Meta’s investment will be used to pay investors and shareholders, as well as for food growth. The company stressed that it remains an independent entity. Wang will continue in the data reissue of data as a administrator of its board of directors.
As my colleague Max Zeff wrote on Wednesday, this investment is a way for Meta to improve her AI efforts while her google, Openai and Anthropic rivals rush, and the own IA model outings of the Social Social Society Traver. In addition, according to the data from Singalfire, The company lost 4.3% of its best talents to other AI laboratories last year.
In recent years, the main AI laboratories such as OpenAi have relied on the scale AI to produce and label the data used to form models. In recent months, the AI scale and its data annotation competitors have started to hire highly skilled people, such as senior software doctoral students, to generate high -quality data for border AI laboratories.
Last year, the scale increased $ 1 billion last year of investors, including Amazon and Meta, an assessment of $ 13.8 billion.
