capital · May 17, 2026
Meta Acquired 49 Percent Stake in Scale AI for $14.3 Billion in June 2025
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Meta invested $14.3 billion on June 12 2025 to acquire a 49 percent economic stake in Scale AI with no voting power and the company valued at $29 billion. Alexandr Wang departed as CEO in June 2025 to become Meta Chief AI Officer and remains on the Scale AI board. Jason Droege former Uber Eats executive and Scale chief strategy officer since September 2024 assumed the interim CEO role. Dennis Cinelli departed as CFO in January 2026. Scale AI is privately held with investors including Accel Founders Fund Tiger Global Nvidia Amazon and Coatue across seven funding rounds totaling over $16 billion.
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