Meta’s multi-billion-dollar bet in artificial intelligence (AI) startup Scale AI is official. The startup announced receiving a “significant investment” from the social-media giant. Rumors regarding the investment have been doing the rounds since the start of the week.

Mark Zuckerberg's biggest bet on Meta AI will ride on the back of a fellow dropout who has dazzled Silicon Valley over the last decade.

Mark Zuckerberg is hand-picking top researchers and engineers to join an upcoming AI research lab dedicated to “superintelligence," and Scale AI's Alexandr Wang is on the list.

Meta has taken a minority stake in Scale AI at a $29 billion valuation, appointing former Uber Eats chief Jason Droege as interim CEO as founder Alexandr Wang joins Meta's internal AI team.

The new lab, set to include the Scale AI founder Alexandr Wang, is part of a reorganization of Meta’s artificial intelligence efforts under Mark Zuckerberg.

Social media giant Meta Platforms, Inc. (META) is reportedly considering plowing billions into artificial intelligence (AI) technology as the Mark Zuckerberg-led company strives to stay competitive in the red-hot space.