Alexandr Wang’s Scale AI just inked a $14.3 billion investment deal with Meta, which transitions the 28-year-old out of his CEO position at the startup he co-founded with fellow billionaire and estranged business partner Lucy Guo.
“I started this company right out of freshman year of MIT and never looked back,” Wang wrote in his memo to Scale AI employees on Thursday. “I wouldn’t change a minute of it.”
For Wang, he attributes some of his success throughout the years to being a relative newcomer to the AI industry.
Wang also encouraged startup founders to be more “open-minded,” something he and his colleagues at Scale AI championed from the the company’s early days.
“But as I spent time truly considering it, I realized this was a deeply unique moment, not just for me, but for Scale as well,” Wang wrote.
This deal more than doubles Scale AI’s valuation to $29 billion.
