Mark Zuckerberg is investing $14 billion in Scale AI to bring its CEO, Alexandr Wang, on board to enhance Meta's artificial intelligence capabilities amid growing competition. This strategic move allows Meta to strengthen its AI efforts without acquiring Scale AI outright, while also addressing internal frustrations over recent AI model launches.
Meta held talks with AI startup Runway regarding a potential acquisition as part of its broader strategy to enhance its AI capabilities, particularly following a significant investment in Scale AI. However, the discussions did not advance and ultimately fell through. Meta has been actively pursuing AI talent and startups to strengthen its position in the sector.