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Dubai News Club > Tech > Meta is paying $14 billion to catch up in the AI race
Tech

Meta is paying $14 billion to catch up in the AI race

Press Room
Last updated: 2025/06/13
Press Room
Published: June 13, 2025
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Meta is paying $14.3 billion to acquire 49 percent of Scale AI and hire its CEO, Alexandr Wang, to revamp its troubled AI efforts.

As part of the deal, Wang will report directly to Meta CEO Mark Zuckerberg and remain on Scale’s board of directors, both companies announced on Thursday. Sources say Wang will lead a new AI lab at Meta tasked with building “superintelligence.” Meta spokesperson Ashley Zandy says the company “will share more about this effort and the great people joining…

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