Meta has finalized a $14.3 billion acquisition of Scale AI, valuing the company at $29 billion. Alexandr Wang, Scale AI’s CEO, will join Meta to play a significant role in its AI strategy. Scale’s Chief Strategy Officer, Jason Droege, will serve as interim CEO. This acquisition marks Meta’s second-largest deal after its $19 billion purchase of WhatsApp. By bringing in Wang, Meta aims to enhance its AI efforts with strong business leadership. Scale AI provides labeled data crucial for training AI models and has subsidiaries like Remotasks and Outlier for managing gig workers. \n— new from Reuters
