Data-labeling firm Scale AI confirmed on Friday that it has received a "significant" investment from Meta that values the startup at $29 billion.

Meta is making a $14.3 billion investment in artificial intelligence company Scale and recruiting its CEO Alexandr Wang to join a team developing “superintelligence” at the tech giant

Wang will join Meta's 'superintelligence' unit working on human-level AI, known as artificial general intelligence, while remaining on Scale's board as the company's co-founder