Meta forming new AI lab helmed by Scale AI CEO Alex Wang, report says

Meta is forming a brand new synthetic intelligence analysis lab and bringing on Alexandr Wang, founder and CEO of the startup Scale AI, in accordance with The New York Occasions.

The analysis lab goes to pursue an idea often called “superintelligence,” which is an AI system that surpasses human intelligence, the Occasions reported Tuesday. Meta can be in superior talks to take a position greater than $10 billion in Scale AI, in accordance with a report from Bloomberg.

Scale AI declined to remark. Meta didn’t reply to CNBC’s request for remark.

The reported analysis lab is Meta’s newest effort to realize an edge within the fiercely aggressive AI improvement area. Meta has been pouring billions of {dollars} into the know-how, asserting plans to spend as a lot as $65 billion in capital expenditures for AI infrastructure this yr. 

Late final month, Meta introduced that its AI assistant helps 1 billion month-to-month energetic customers throughout the corporate’s household of apps. In February, CNBC reported that Meta was planning to debut a stand-alone Meta AI app in the course of the second quarter and check a paid subscription service akin to rival chat apps resembling OpenAI’s ChatGPT.

Shares of Meta have been up about 1% on Tuesday.

Learn The New York Occasions story right here.

— CNBC’s Jonathan Vanian contributed to this report.