Scale AI CEO stresses startup’s independence after Meta deal

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Scale AI’s new leader said the data-labeling startup remains independent from Meta Platforms Inc. despite the social media giant taking a 49% stake just weeks ago, and is focused on expanding its business.

Interim Chief Executive Officer Jason Droege said Meta, a customer since 2019, won’t receive special treatment even after its $14.3 billion investment.

“There’s no preferential access that they have

to anything,” Droege said Tuesday in an interview, one of his first since taking the interim CEO role in mid-June. “They are a customer, and…



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Scale AI CEO stresses startup’s independence after Meta deal


Scale AI’s new leader said the data-labeling startup remains independent from Meta Platforms Inc. despite the social media giant taking a 49% stake just weeks ago, and is focused on expanding its business.

Interim Chief Executive Officer Jason Droege said Meta, a customer since 2019, won’t receive special treatment even after its $14.3 billion investment.

“There’s no preferential access that they have

to anything,” Droege said Tuesday in an interview, one of his first since taking the interim CEO role in mid-June. “They are a customer, and…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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