From dropout to billionaire: Wang signs $14.3B AI deal with Meta.
Alexandr Wang, once the world’s youngest self-made billionaire, has stepped down as CEO of Scale AI to join Meta, where he’ll work on advanced “superintelligence” AI projects. This follows Meta’s massive $14.3 billion investment in Scale AI, giving it a 49% stake and doubling the startup’s valuation to $29 billion. Wang, who co-founded Scale after dropping out of MIT, will remain on the board while taking a few key employees with him to Meta.
In his farewell memo, Wang described the move as difficult but necessary, calling it a rare opportunity for both himself and the company. Scale AI’s board has named Jason Droege, a former Uber executive and Benchmark partner, as interim CEO. The transition comes just a year after Scale raised $1 billion from major investors, including Amazon and Meta, at a valuation of $13.8 billion.
Wang’s fresh perspective on AI has played a big role in his success. He believes that approaching challenges without traditional thinking helped Scale AI grow rapidly. Now, with Meta prioritizing AI innovation in 2025, Wang’s experience working with top tech firms like Google, Microsoft, and OpenAI will be key in helping Meta catch up to competitors in the race for AI dominance.
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