Self-made billionaire college dropout Alexandr Wang signs $14.3 billion deal to bolster Meta’s AI efforts: ‘There’s a huge premium to naivete’
- Alexander Wang, who was once the smallest billionaire who was self -designed in the worldHe agreed to join Meta to work on “SuperINGEGENGE” of artificial intelligence, leaving the starting start that made it rich after it came out of the Massachusetts Institute of Technology.
The Alexandr Wang Ai scale just signed an investment deal worth $ 14.3 billion with Meta, which is transmitted to the position of CEO of Startup CEO at the start of his billionaire colleague and separate business partner Lucy Guo.
Wang announced on Thursday to X that he would leave Scale AI to join Meta as part of an agreement granting CEO of Mark Zuckerberg Stace 49 % at the startup. Wang became the youngest billionaire in the world at the age of twenty -four, just five years after leaving the college and establishing a company based in San Francisco. Now, the value of the estimated is 3.6 billion dollars.
“This company started directly from the first year of the Massachusetts Institute of Technology and I haven’t seen back,” Wang wrote in his memo to expand the scope of artificial intelligence employees on Thursday. “I will not change a minute of it.”
Wang will continue to work as a manager of the company’s board of directors while working on “divine efforts” for META, an AI spokesman said on a large scale. CNBCBut the details did not explain. In his note, Wang said he would coincide with some “Scalien” employees to take him with Meta, but he did not call them.
Meanwhile, the Board of Directors and Pung decided to appoint the chief strategy official Jason Darwig as a temporary executive head. Before joining Scale AI in August 2024, Droege was a legitimate partner in Benchmark and president of Uber, according to LinkedIn.
For Wang, some of his success over the years is attributed to being a new coming to the artificial intelligence industry.
“I think there is a great allowance for naivety,” Wang told Daniel Levin at Podcast YouTube Podcast 2023. “The approaching industries with a completely empty list and without understanding the fine grains of what makes things difficult is in fact part of what allows you to accomplish things.”
Wang also encouraged startups founders to be more “open”, which he and his colleagues on the AI scale of the company’s first days.
According to Zuckerberg, Amnesty International made a top priority for 2025. Investing in Wang’s experience may be part of the reported gathering for the AI team of 50 people in Meta aimed at obtaining my competitors such as Google and Openai.
Llama 4 AI models received a lukewarm response from developers, CNBC I mentioned in May.
Wang will bring the experience of working with the competitors, including Google, Microsoft and Openai. Meta is one of the largest artificial intelligence customers.
In his note, Wang wrote that he was hesitant to agree to the offer to leave Scale AI at the beginning, and called for an “unimaginable” option after collecting one billion dollars last year of investors including Amazon and Meta with a rate of $ 13.8 billion.
“But when I really spent thinking about it, I realized that this is a unique moment, not only for me, but also widely,” Wang wrote.
This deal is more than doubling the expansion of artificial intelligence evaluation to $ 29 billion.
This story was originally shown on Fortune.com
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2025-06-14 12:34:00
