Okay folks, buckle up, because what Meta just did is not your average tech flex — it’s more like a Silicon Valley power move wrapped in a mystery burrito 🌯.
So here’s the tea 🍵: Meta (yeah, the Facebook people) is buying 49% of Scale AI, the startup that gives your ChatGPTs and image generators the training data they need to stop hallucinating. And let’s just say — this deal is not your regular “buy-some-shares-and-shake-hands” situation. Nope. It’s spicy. 🌶️
Meta is putting $14.3 billion on the table 💰 to grab nearly half of Scale. But instead of buying shares directly from investors like a normal acquisition, Meta is giving the money to Scale… and then Scale is doing a big ol’ cash dividend to its investors and employees 💸.
Translation? It’s like someone gifted your startup billions, and your investors walked away like they just won Shark Tank without giving up ownership. Some backers, like Accel, are reportedly walking away with $2.5 billion EACH. Yep, that’s billion with a “B”. 💥
And the best part? They still own shares. It’s like eating your cake and then realizing the cake is regenerating 🍰✨.
Besides the nearly 50% stake in one of the hottest AI startups out there, Meta is also bringing on Alexandr Wang, the 27-year-old MIT…
