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Meta Platforms Inc. is close to finalizing an investment of over $10 billion in Scale AI. According to people who know the matter, this top artificial intelligence startup provides data labeling services. Assuming this prospective deal closes, it would also be Meta’s largest AI acquisition to date — and one of the largest funding rounds in recent history for a private company. The report said the deal terms were not yet finalized and could still change. Alexandr Wang urges congress to act fast on AI data strategy Just three months after DeepSeek sent waves through the global tech community with an AI model on par with America’s best, 28-year-old AI entrepreneur Alexandr Wang came before Congress with a sobering message: the US needs to move quickly to protect its edge. According to Wang, America needs to establish a “national AI data reserve,” supply enough power for data centers, and avoid an onerous patchwork of state-level rules.  He said this at the April hearing, and lawmakers welcomed his feedback. “It’s good to see you again here in Washington,” Republican Representative Neal Dunn of Florida said. “You’re becoming a regular up here.” Wang is the CEO of Scale AI, a company quietly but powerfully shaping the future of artificial intelligence. While not as widely known as OpenAI’s Sam Altman, Wang has become a key figure in tech and policy circles. Scale AI provides foundational data-labeling services for companies like Meta and OpenAI, powering the training of AI models and helping businesses build custom AI applications. Initially known for labeling images for self-driving car models, Scale has since shifted toward curating the massive volumes of text data needed for large language models like ChatGPT. Today, Scale recruits highly educated professionals—PhDs, nurses, and legal experts—to develop sophisticated AI systems. “The three pillars of AI…

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Filed under: News - @ June 9, 2025 12:13 am