Meta Platforms Inc. has finalized a multibillion-dollar investment in Scale AI and recruited the startup’s chief executive officer to join its artificial intelligence efforts — an unusual deal that signals a heightened push by the social media giant to catch up on AI development.

Sam Altman calls the gadget ‘the coolest piece of technology’; meanwhile, Meta invests in developing ‘superintelligence’ in other AI news from the past week

Meta META is reportedly preparing to invest more than $10 billion in Scale AI, a startup providing high-quality labeled data to companies building next-generation AI models, including OpenAI and Microsoft MSFT. If finalized, the deal would rank among the largest private funding rounds in tech history, Bloomberg reports.

If Meta Platforms (META) invests in Scale AI, it could boost the Mark Zuckerberg-led company's exposure to artificial intelligence and provide a “positive catalyst” for the stock. Read for more.