Meta eyes a $10 billion deal with Scale AI, signaling a stronger push for A.I. research and innovation, with potential shifts in the tech industry’s power dynamics.

Meta is close to a deal to invest $14 billion in data-labeling startup Scale AI, CNBC cited people familiar with the matter. It was reported that Meta CEO Mark Zuckerberg is so frustrated with the Facebook parent’s standing in AI that he’s willing to spending billions of dollars to convince Scale AI founder and CEO Alexander Wang to join his company.

Meta is forming a new artificial intelligence research lab dedicated to “superintelligence,” according to a report.

Zuckerberg is said to be buying nearly half of Scale AI — and recruiting the company’s CEO, too

CNBC’s Deirdre Bosa joins 'Money Movers' to discuss Meta agreeing to take a nearly $15 billion stake in Scale AI.

If Meta Platforms (NASDAQ:META) goes ahead with an investment into Scale AI, it could boost its exposure to artificial intelligence, and provide a “positive catalyst” for the Mark Zuckerberg-led company,