Meta invests $14.3B in Scale AI to fuel a new superintelligence lab—gaining infrastructure and leadership, but raising doubts about Scale’s future.

Meta Platforms Inc. (NASDAQ:META) is one of the 10 best tech stocks to buy according to billionaires right now. On June 8, Bloomberg reported that Meta is in discussions to invest over $10 billion in Scale AI,

Meta is making its first major minority investment in an outside company as it tries to catch up to a growing field of artificial intelligence rivals.

Meta’s investment is the latest attempt by chief executive Mark Zuckerberg to give his $1.8 trillion social media company an edge in the race to develop more powerful AI models. Zuckerberg has been trying to poach top researchers and engineers from rival groups as he seeks to build out a new “superintelligence” team.

Meta is making an investment in artificial intelligence company Scale and recruiting Chief Executive Alexandr Wang to join a team developing “superintelligence” at the tech giant.

Meta has finalized its $14.3 billion investment in Scale AI. As part of the deal, Scale AI's founder and CEO Alexandr Wang will be joining Meta and will reportedly lead its new "Superintelligence lab.

Meta ( NASDAQ: META) announced a $14.3 billion investment in artificial intelligence firm Scale, acquiring a 49% stake and valuing the San Francisco-based company at over $29 billion.