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Tech giant Meta is investing more than $14 billion to acquire a 49% stake in artificial intelligence firm Scale AI, the San Francisco-based company's CEO confirmed on X.

In a strategic move, Meta invests $14.3 billion in Scale AI, taking a 49 per cent stake in the data-labelling startup.

As part of the deal, Scale’s founder and CEO, the 28-year-old Alexandr Wang, will be joining Meta to advance the company’s AI efforts.

According to a Scale AI spokesperson, Meta is investing $14.3 billion as part of the deal, and will have a 49% stake in the artificial intelligence startup but will not have any voting power ...

FACEBOOK owner Meta has finalized the $14.3 billion purchase of a 49-percent stake in data-labeling startup Scale AI, ...

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" ...