The social media giant is getting CEO Alexandr Wang in a $14.3 billion deal with Scale AI, as it plans to build out ‘superintelligent’ systems.

Meta’s push into consumer-facing AI has triggered a wave of concern among privacy experts and regulators, as its new chatbot app quietly exposes sensitive user data through a public-facing feed – an issue that has surfaced in multiple jurisdictions,

Google and other big tech companies are rethinking their ties with Scale AI. This follows Meta's significant investment in the data-labeling startup. Concerns arise that Meta could gain insights into rivals' AI strategies.

Meta Platforms (NASDAQ:META), the parent of Facebook, has made a bold $14.8 billion move by acquiring a 49% nonvoting stake in data-labeling startup Scale AI. The investment, Metas second-largest to date,

As part of the deal, Scale AI’s CEO will take a top position inside Meta, leading a new “superintelligence” lab, according to the report.

Facebook owner Meta's $14.8 billion investment in Scale AI and hiring of the data-labeling startup's CEO will test how the Trump administration views so-called acquihire deals, which some have criticized as an attempt to evade regulatory scrutiny.

Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg’s journalists around the world. Today, Jackie Davalos reports on Big Tech’s “acqui-hire” strategy for artificial intelligence that is drawing scrutiny from regulators.

Meta considers a $15B stake in Scale AI, per The Information, aiming to boost its AI efforts and accelerate "superintelligence" development

Meta has finalized a $14.3 billion purchase of a 49% stake in data labeling startup Scale AI, according to sources familiar with the matter.

Meta Platforms has reportedly agreed to purchase a 49% stake in Scale AI, a US-based AI startup, for $14.8bn. The deal was reported first by The Information, which cited sources familiar with the matter.