Scale AI's Alexandr Wang confirms departure for Meta as part of $14.3 billion deal
Publishing timestamp: 2025-06-13 03:59:56
Summary
Meta is investing $14.3 billion into Scale AI, with CEO Alexandr Wang joining Meta to work on superintelligence efforts. Scale AI's founder is leaving for Meta, and Jason Droege will take over as CEO. Meta's big bet on Wang is part of CEO Mark Zuckerberg's plan to bolster AI efforts. Berkshire Hathaway is underperforming after Buffett's exit news. Vanguard sees it as an attractive income opportunity. Analysts believe a stock will benefit if Apple makes a foldable phone.
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Keywords: meta platforms inc, mobile, uber technologies inc, social media, business news, mark zuckerberg, microsoft corp, technology, breaking news: technology, internet, alphabet inc,