Meta announced a significant investment of nearly $15 billion in Scale AI, acquiring a 49% stake that values the startup at over $29 billion. Alexandr Wang, the 28-year-old CEO and co-founder of Scale, will join Meta to spearhead the tech giant's AI efforts. Wang's journey includes dropping out of MIT to create Scale AI, gaining fame as the youngest self-made billionaire. He envisions the company driving innovations across various industries, reflecting an ambitious approach to artificial intelligence and business.
Wang had an expansive vision for the company. "Long-term, we want to power any human-powered process for any company," he told the YC blog.
Jared Friedman, a YC partner, stated, "The great thing about Scale is that it is taking advantage of an opportunity that is hiding in plain sight."
At 24, he became the world's youngest self-made billionaire. "Focus on building the business and then the rest will kind of take care of itself," Wang told Business Insider.
Mark Zuckerberg is making a 28-year-old CEO the lynchpin of Meta's investment in the AI race.
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