Tech giant Meta is investing more than $14 billion to acquire a 49% stake in artificial intelligence firm Scale AI, the San Francisco-based company's CEO confirmed on X.

The negotiations started as just one billionaire tech founder talking to another. Meta Platforms CEO Mark Zuckerberg approached Scale AI CEO Alexandr Wang in mid-April about a potentially industry-shaking deal.

Meta, the parent company of Facebook and Instagram, is investing a “significant” amount in Scale AI and hiring the artificial intelligence (AI) company’s young CEO Alexandr Wang. The investment, reportedly worth about $14 billion,

Meta has finalized its $14.3 billion investment in Scale AI. As part of the deal, Scale AI's founder and CEO Alexandr Wang will be joining Meta and will reportedly lead its new "Superintelligence lab.

The social media giant is getting CEO Alexandr Wang in a $14.3 billion deal with Scale AI, as it plans to build out ‘superintelligent’ systems.