Meta is making an investment in artificial intelligence company Scale and recruiting Chief Executive Alexandr Wang to join a team developing “superintelligence” at the tech giant.

The parent company of Facebook is investing $14.3 billion in Scale AI, which offers a platform and training data for developing AI models.

In a strategic move, Meta invests $14.3 billion in Scale AI, taking a 49 per cent stake in the data-labelling startup. Scale's CEO Alexandr Wang will play a key role in shaping Meta's AI future, particularly in superintelligence.

The investment by Meta for a 49 percent stake in Scale AI comes as the company is also developing what it calls “superintelligence.”

Technology Technology The Big Story  Meta invests in Scale AI, taps CEO for ‘superintelligence’ push Meta, the parent company of Facebook and Instagram, is investing a

Meta is discussing a multi-billion dollar investment in Scale AI, according to Bloomberg. In fact, the deal value could reportedly exceed $10 billion, making it the largest external AI investment for the Facebook parent company and one of the largest funding events ever for a private company.

Artificial intelligence startup Scale AI said it received a “significant new investment” from Meta that values the company at more than $29 billion and sees its chief executive join the tech titan.

Mark Zuckerberg is spearheading Meta's ambitious pursuit of superintelligence by personally recruiting a 50-person team. He's offering lucrative compensation packages to attract top AI talent from competitors.