Founded in 2016, Scale AI gained traction by supplying data preparation services for AI models developed by major players like OpenAI, Google, and Microsoft.
Meta will take a 49% stake for $14.3 billion, according to two sources familiar with the matter
Wang believes that AI development is heading toward a critical juncture where most countries and companies will have to decide between aligning with either the American or Chinese tech stacks.
Under the new guidelines, AI companies like OpenAI that make generative tools like ChatGPT will have to disclose copyrighted material within their systems. The draft will now be discussed by EU lawmakers and member countries
Alexandr Wang’s estimated stake of 15 per cent in Scale AI is worth about $1 billion, making him the world’s youngest self-made billionaire.