capital · May 14, 2026
Meta Acquires 49% Stake in Scale AI for $14 Billion as Founder Alexandr Wang Joins Meta
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Meta Platforms Inc. acquired a 49% stake in Scale AI for $14 billion on May 12, 2026, prompting founder Alexandr Wang to depart as CEO and join Meta's superintelligence lab. The deal provides Scale AI with capital to expand data labeling operations amid rising demand for AI training datasets from clients including OpenAI and Microsoft. Scale AI's annual revenue reached $800 million in 2025, up from $500 million in 2024, driven by contracts in autonomous vehicles and defense sectors. Jason Droege, formerly Scale AI's chief strategy officer, assumed the CEO role on May 12, 2026, succeeding Wang who held the position since founding the company in 2016.
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