Meta has announced a finalized investment and strategic partnership with AI startup Scale AI, along with recruiting Scale AI founder and CEO Alexandr Wang to join Meta. Scale AI issued a statement revealing that Meta’s significant investment has pushed the company’s valuation beyond US$29 billion, while Wang will join Meta to work on AI-related projects but retain his board position at Scale AI. Going forward, chief strategy officer Jason Droege will serve as interim CEO, with Scale AI continuing independent operations.