Scale AI Announced New Investment From Meta Platforms That Values Scale At Over $29 Billion

ReutersJun 13, 2025 1:18 AM

June 12 (Reuters) - SCALE AI:

SCALE AI: ANNOUNCED A SIGNIFICANT NEW INVESTMENT FROM META PLATFORMS, INC. (NASDAQ: META) THAT VALUES SCALE AT OVER $29 BILLION
SCALE AI - SCALE'S FOUNDER, ALEXANDR WANG, IS JOINING META TO WORK ON META'S AI EFFORTS
SCALE AI - ANNOUNCED NEW INVESTMENT FROM META PLATFORMS, INC THAT VALUES SCALE AT OVER $29 BILLION
SCALE AI - SCALE'S BOARD OF DIRECTORS HAS APPOINTED CHIEF STRATEGY OFFICER, JASON DROEGE, TO SERVE AS COMPANY'S INTERIM CHIEF EXECUTIVE OFFICER
SCALE AI - FOUNDER WANG WILL CONTINUE TO SERVE AS A DIRECTOR ON SCALE BOARD OF DIRECTORS
SCALE AI - FOLLOWING ITS INVESTMENT, META WILL HOLD A MINORITY OF SCALE'S OUTSTANDING EQUITY

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Recommended Articles

Intel Posts Best Day Since 1987 as Nvidia Market Cap Reclaims $5 Trillion: Is the AI Trade Overstretched?

TradingKey - On Friday, April 24 (ET), Intel (INTC) closed up 23.6%, marking its best single-day performance since October 1987. Nvidia (NVDA) shares closed up 4.32% at $208.27, breaking the previous record set on October 29, with its closing market capitalization surpassing $5 trillion.

Philadelphia Semiconductor Index Breaks 10,000 After 17-Day Rise; Deutsche Bank Warns of Global Helium Supply Chain Risks

TradingKey - On April 23, the Philadelphia Semiconductor Index broke through the 10,000-point milestone, marking its longest-ever winning streak at 17 consecutive sessions, with a cumulative gain of over 41%. Since the conflict began on February 28, the index has surged by 24%. Over the past 20 trading days, Credo Technology led the constituent stocks with a peak cumulative gain of 78.56%, while ASML was the laggard with a cumulative increase of 1.72%. During the same period, Marvell Technology recorded a cumulative gain of 68.25%, Intel rose 4.15%, AMD surged 38.62%, Broadcom climbed 31.72%, Micron gained 26.13%, NVIDIA rose 11.73%, and TSMC added 10.04%.

Nebius Stock: Can This AI Infrastructure Play Really Double in 2026?

TradingKey - As of late 2025, Nebius has become perhaps the most highly correlated stock with one of the leading sectors within the AI sector: InfrastructuRecent numbers provide clear evidence of this growth: Quarterly revenue grew 355% compared to the same quarter last year, total revenue for 2020

Google Debuts 8th-Gen TPUs, Shifts to Agentic AI at Google Cloud Next to Drive Growth

TradingKey - Google (GOOG) (GOOGL) held its annual flagship event "Google Cloud Next 26" in the United States from April 22 to 24. At the conference, Google launched its 8th-generation TPU, released the "Agentic Enterprise" technology stack, and reaffirmed a massive surge in capital expenditure, wit

Intel Stock Has Surged 74% in 2026 and Earnings Land April 23 — Is INTC Still a Buy at $68?

TradingKey - Intel surged 74% YTD and hit 26-year highs near $70. Q1 2026 earnings drop April 23. RSI overbought at 78. Key support $63, resistance $72.50. Buy or fade?

Featured Tools