According to reports, Meta Platforms is acquiring a 49% stake in leading data labeling company Scale AI, which supports many artificial intelligence applications. Meta CEO Mark Zuckerberg hopes to strengthen Meta's position in the highly competitive AI field through this move.
After days of speculation, The Information reported on Tuesday (June 10) that Meta has finalized a $14.8 billion deal to acquire a significant minority stake in Scale AI.
According to sources familiar with the negotiations, the deal is cash-based and includes Scale AI CEO Alexandr Wang joining Meta to participate in a new "superintelligence" program.
Bloomberg reported on Monday (June 9) that Zuckerberg is dissatisfied with Meta's progress in AI and is assembling a large team dedicated to pursuing artificial general intelligence (AGI)—a future form of AI that could rival or even surpass human cognitive abilities.
Computer scientist and SingularityNET (a decentralized AI ecosystem) founder Ben Goertzel stated that significant breakthroughs in AGI may still take several years.
In a recent interview with Cointelegraph, he said, "It is likely that we will launch general artificial intelligence capable of thinking and generalizing beyond its training and programming within the next one to three years."
Goertzel believes that decentralization is the best path to ensure the future of AGI.
Meanwhile, large tech companies are ramping up efforts to become one of the first to achieve this potentially transformative milestone.
According to CNBC, the largest tech companies in the U.S.—including Meta, Amazon, Alphabet, and Microsoft—are expected to invest $320 billion this year alone in AI and related data center infrastructure. This marks a significant increase compared to the $230 billion invested last year.
Another analysis by Bloomberg Intelligence analyst Robert Schiffman found that AI capital expenditures have increased by 16% since the beginning of 2025.
With the continued growth in AI spending, companies involved in building the underlying infrastructure will be in a favorable position.
Goldman Sachs analyzed a group of stocks in the AI data center and electrical equipment sectors and found that these stocks have risen by 52% and 39%, respectively, since the low in April.
Related: Société Générale launches US dollar stablecoin on Ethereum (ETH) and Solana (SOL) blockchains
Original: “Reports say Meta's AI shortfall prompts Zuckerberg to invest $15 billion in Scale AI”
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