Here’s what Scale AI co-founder Alexandr Wang knows that Meta doesn’t.

Meta’s Mark Zuckerberg is bringing in Scale AI CEO Alexandr Wang to help the social media company better execute on its AI ambitions.

Alexandr Wang is stepping down as CEO of his startup Scale AI to join Meta after his former company received a $14.3 billion investment from Facebook’s parent company. The deal means Facebook will have a 49% stake in Scale AI,

Someone who knows all three men calls the trio “the avengers”. He reckons they will have huge additional sums at their disposal to hire top AI researchers in order to unseat Open AI, maker of Chat GPT, as the dominant generative- AI firm. “They’re going to go big,” he says.

OpenAI's CEO says Mark Zuckerberg's Meta has been making 'giant offers' to try and poach the company's staff. 'You know, like a $100 million signing bonus,' Sam Altman says.

It’s easily the most expensive hire of all time, dwarfing the billions that Google spent to rehire Noam Shazeer and his core team from Character.AI (a deal Zuckerberg passed on). “Opportunities of this magnitude often come at a cost,” Wang wrote in his note to employees this week. “In this instance, that cost is my departure.”