Meta Acquires 49% Stake in Scale AI for AGI Development
Meta Platforms is acquiring a 49% stake in Scale AI, a data labeling company essential for AI applications, in a deal valued at $14.8 billion. This move comes as CEO Mark Zuckerberg aims to enhance Meta's competitive edge in artificial intelligence. The acquisition includes Scale AI's CEO, Alexandr Wang, who will join Meta's new 'Superintelligence' initiative. Zuckerberg's frustration with the current pace of AI development has prompted him to establish a large team focused on artificial general intelligence (AGI), which could potentially match or exceed human cognitive abilities. Experts, like Ben Goertzel of SingularityNET, predict major AGI breakthroughs in the next one to three years, emphasizing that decentralization may be key to ensuring AGI's safe evolution. Meanwhile, major tech firms are projected to spend $320 billion on AI and related infrastructure in 2025, reflecting a significant rise from previous investments. This trend indicates a growing opportunity for companies involved in AI infrastructure as the industry evolves rapidly.
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