New Delhi, June 13 -- Meta Platforms has invested in US-based firm Scale AI in a deal that values the data-labelling startup at $29 billion. After the deal, Jason Droege will serve as the interim CEO of the AI firm.

Meta's stake in the startup will give its 28-year-old CEO, Alexandr Wang, an opportunity to play a prominent role in the tech giant's artificial intelligence strategy.

The Facebook owner will reportedly take a 49 per cent stake for $14.3 billion.

"We will deepen the work we do together producing data for AI models and Alexandr Wang will join Meta to work on our superintelligence efforts," Meta said in a statement reported by Reuters.

The main driver behind Meta's huge investment in Scale AI was to secure Wang to lead its n...