Artificial intelligence startup Scale AI has secured a significant new investment from Meta Platforms (META, Financial), pushing its valuation beyond $29 billion. Scale AI's CEO, Alexandr Wang, announced his departure from the CEO role to join Meta's AI research team, while retaining a position on the startup's board. This development comes amid reports of Meta CEO Mark Zuckerberg's dissatisfaction with the company's AI progress.
Last month, it was reported that Meta delayed the release of its latest large language model, Llama 4, due to concerns over insufficient improvements compared to its predecessor. To accelerate AI advancements, Zuckerberg is reportedly forming an internal "Super AI Team" at Meta, which will be based at the company's Menlo Park headquarters in California.
Meta's stock has shown little movement in recent trading sessions, with a year-to-date increase of 18% in 2025.
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