Meta Is Reportedly Making A $15 Billion Bet On Artificial General Intelligence (AGI)

Meta is close to finalizing an almost $15 billion investment in Scale AI, the tech giant’s largest-ever external investment, which would give Meta a 49% stake in the company, according to The Information. As part of the deal, Meta CEO Mark Zuckerberg is personally assembling a team of about 50 people to help Meta supercharge its AI goals — specifically, to achieve artificial general intelligence — and Scale AI CEO Alexandr Wang is set to join that group once the deal is final, according to Bloomberg and The New York Times.AGI is the concept of AI that equals or surpasses human cognitive abilities, and it’s something that nearly every AI industry leader is currently racing to achieve before their competitors. Bloomberg was first to report on the planned multibillion-dollar investment. Scale, the AI giant that provides training data to industry leaders like OpenAI, Google, Microsoft, and Meta, in April reportedly expected that its 2025 revenue would more than double year-over-year to about $2 billion. It’s also currently planning a tender offer for employees and early investors at a $25 billion valuation.Upcoming Interview With Author, And Futurist, Brett KingBrett King is a futurist, an Amazon bestselling author, an award-winning speaker, hosts a globally recognized radio show, is the Founder of the first mobile, neo-bank globally Moven, and in his spare time enjoys flying as an IFR pilot, scuba diving, motor racing, gaming and Sci-Fi. He advised the Obama administration on the Future of Banking, President Xi had his book on his bookshelf, and he has spoken on the future in 50 countries in just the last few years.I interviewed Brett on June 10th, look for the uploaded episode over the weekend.Meta has been concerned about falling behind in the AI race as competitors like OpenAI, Anthropic, Google, and Microsoft pull ahead. In May, Meta delayed the launch of its new flagship model, dubbed Behemoth, amid concerns about its capabilities compared to competing models. The company’s investment in Scale AI is likely a bid to catch up as competing tech giants each choose one or more AI startups to back for greater chances of AI success, whether internally or externally.Amazon has invested at least $8 billion in Anthropic, the AI startup founded by ex-OpenAI research executives, and Anthropic’s tech now powers Amazon’s Alexa Plus. Google has given at least $3 billion to Anthropic, and the two companies share a significant cloud contract. Microsoft has famously invested at least $13 billion in OpenAI and currently gets a share of the company’s revenue.More on Meta Scale AI acquisition and AGI efforts on The VergeAgentic AI for the Enterprise | Inbound and Outbound AI Voice AgentsI’ve partnered with DBC Technologies and I am now consulting with companies who are interested in automating inbound and outbound messaging with AI Voice Agents.If you are interested in AI Voice Agents for your business or organization click hereI interviewed DBC Technologies Founder and CEO, Dennis Wilson for an episode of the (A)bsolutely (I)ncredible Podcast, watch now to learn more about AI Voice Agents.Watch the interview with DBC Technologies’ Founder, Dennis Wilson on YouTubeWeb AI Chatbots, Inbound / Outbound AI Voice Agents, AI Marketing & ConsultingIf you are interested in AI Voice Agents for your business or organization, click hereThats all for today, but AI is moving fast - subscribe and follow for more Neural News. Get full access to Neural News Network at remunerationlabs.substack.com/subscribe