Pakistan, June 13 -- Meta has made a massive move in the AI world by investing $14.3 billion in Scale AI. This deal gives Meta a 49% stake in the data-labeling company, which is now valued at $29 billion. The partnership aims to boost Meta's efforts in building superintelligent AI systems.

As part of the agreement, Scale AI CEO Alexandr Wang will step down and join Meta. He will focus on Meta's advanced AI projects, especially superintelligence. Jason Droege, Scale AI's chief strategy officer, will serve as interim CEO during the transition.

Meta confirmed the deal and said it would deepen collaboration with Scale AI to produce more high-quality data. The company also confirmed that Wang will remain on Scale AI's board, ensuring continu...