Meta invested approximately $14.3 billion in data-labeling company Scale AI, acquiring a 49% stake and valuing the startup at $29 billion. Scale AI CEO Alexandr Wang will join Meta to work on its AI initiatives, while Jason Droege takes over as interim CEO. Scale AI will remain independent. This investment aims to bolster Meta's AI capabilities, which have lagged behind competitors like Google and OpenAI. The funding will also be used for shareholder payouts and company growth.

Prepared by Christopher Adams and reviewed by editorial team.