From Yahoo Finance: 2025-06-13 17:33:00

Google plans to cut ties with Scale AI after Meta takes a 49% stake in the company, valuing it at $29 billion, up from $14 billion. Scale AI raked in $870 million in revenue in 2024, with Google spending $150 million on their services last year. Other tech companies like Microsoft and Elon Musk’s xAI are also distancing themselves. Concerns arise as Meta’s involvement could expose competitors’ AI research and strategies. This shakeup allows for competitors like Labelbox and Handshake to capitalize on the fallout. Scale AI’s CEO will move to Meta as part of the deal.



Read more at Yahoo Finance: Exclusive-Google, Scale AI’s largest customer, plans split after Meta deal, sources say