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.

Meta is making its first major minority investment in an outside company as it tries to catch up to a growing field of artificial intelligence rivals.

Data-labeling firm Scale AI confirmed on Friday that it has received a "significant" investment from Meta that values the startup at $29 billion.

But Meta's desire for Meta AI users to share their chats with others via a social feed isn't surprising. Social media is how Meta makes its money. All of its apps are social apps. Also, bringing a social element to an AI chatbot experience could always work in Meta's favor.

Alexandr Wang cofounded Scale AI. He's about to become a very expensive hire at Meta.

Mark Zuckerberg has reorganized his company’s ambitions around a hypothetical future that is suddenly the talk of Silicon Valley.

Alexandr Wang dropped out of MIT to co-found Scale and was quickly lauded as one of Silicon Valley's most promising entrepreneurs, raising funding from blue-chip venture capital firms and achieving billionaire status in his 20s.

Meta's new AI tool, Devmate, is powered by models from rivals including Anthropic's Claude. It reflects how the company uses competitor AI models.

Alexandr Wang, once the youngest self-made billionaire in the world, has agreed to join Meta to work on AI “superintelligence,” leaving the startup that made him rich after dropping out of MIT. Alexandr Wang’s Scale AI just inked a $14.