Meta Platforms, Inc.s accelerates its AI strategy with a $14.3B Scale AI investment. Click for META's long-term potential and overlooked risks shaping the market.

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’s investment is the latest attempt by chief executive Mark Zuckerberg to give his $1.8 trillion social media company an edge in the race to develop more powerful AI models. Zuckerberg has been trying to poach top researchers and engineers from rival groups as he seeks to build out a new “superintelligence” team.