• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
AIMeta

Self-made billionaire college dropout Alexandr Wang signs $14.3 billion deal to bolster Meta’s AI efforts: ‘There’s a huge premium to naivete’

By
Nino Paoli
Nino Paoli
News Fellow
Down Arrow Button Icon
By
Nino Paoli
Nino Paoli
News Fellow
Down Arrow Button Icon
June 14, 2025, 8:34 AM ET
Photo of Alexandr Wang
The Meta deal poaches the startup CEO from the company Alexandr Wang founded, Scale AI, and doubles its valuation.Photographer: David Paul Morris/Bloomberg via Getty Images
  • Alexandr Wang, once the youngest self-made billionaire in the world, has agreed to join Meta to work on AI “superintelligence,” leaving the startup that made him rich after dropping out of MIT.

Alexandr Wang’s Scale AI just inked a $14.3 billion investment deal with Meta, which transitions the 28-year-old out of his CEO position at the startup he cofounded with fellow billionaire and estranged business partner Lucy Guo.

Recommended Video

Wang announced Thursday on X that he’s leaving Scale AI to join Meta as part of an agreement that gives CEO Mark Zuckerberg’s tech company a 49% stake in the startup. Wang became the world’s youngest self-made billionaire at age 24, just five years after dropping out of college and creating the San Francisco–based company. Now, his estimated net worth is $3.6 billion.

“I started this company right out of freshman year of MIT and never looked back,” Wang wrote in his memo to Scale AI employees on Thursday. “I wouldn’t change a minute of it.”

Wang will continue to serve as a director on the company’s board while working on “superintelligence efforts” for Meta, a Scale AI spokesperson told CNBC, but did not elaborate on specifics. In his note, Wang said he would poach a few “Scalien” employees to take with him to Meta, but did not name them.

In the interim, Scale’s board and Wang decided to appoint chief strategy officer Jason Droege as a temporary CEO. Prior to joining Scale AI in August 2024, Droege was a venture partner at Benchmark and an Uber vice president, according to his LinkedIn.

For Wang, he attributes some of his success throughout the years to being a relative newcomer to the AI industry.

“I believe there’s a huge premium to naivete,” Wang told Daniel Levine on a 2023 YouTube podcast. “Approaching industries with a totally blank slate and without a fine-grain understanding of what makes things hard is actually part of what allows you to accomplish things.”

Wang also encouraged startup founders to be more “open-minded,” something he and his colleagues at Scale AI championed from the company’s early days.

Zuckerberg has reportedly made AI a top priority for 2025. The investment in Wang’s expertise may be part of the reported assembly of a 50-person superintelligence AI team at Meta meant to gain ground on rivals like Google and OpenAI.

Meta’s recent Llama 4 AI models received a lukewarm response from developers, CNBC reported in May.

Wang will bring along with him experience working with Meta rivals, including Google, Microsoft, and OpenAI. Meta is one of Scale AI’s biggest clients.

In his memo, Wang wrote he was hesitant to agree to the offer to leave Scale AI at first, calling the option “unimaginable” after raising $1 billion last year from investors including Amazon and Meta at a valuation of $13.8 billion.

“But as I spent time truly considering it, I realized this was a deeply unique moment, not just for me, but for Scale as well,” Wang wrote.

This deal more than doubles Scale AI’s valuation to $29 billion.

Fortune Brainstorm AI returns to San Francisco Dec. 8–9 to convene the smartest people we know—technologists, entrepreneurs, Fortune Global 500 executives, investors, policymakers, and the brilliant minds in between—to explore and interrogate the most pressing questions about AI at another pivotal moment. Register here.
About the Author
By Nino PaoliNews Fellow

Nino Paoli is a Dow Jones News Fund fellow at Fortune on the News desk.

See full bioRight Arrow Button Icon

Latest in AI

Future of WorkBrainstorm Design
The workplace needs to be designed like an ‘experience,’ says Gensler’s Ray Yuen, as employees resist the return to office
By Angelica AngDecember 5, 2025
2 hours ago
Four years ago, BKV started buying up the two Temple power plants in Texas—located between Austin and Dallas—which now total 1.5 gigawatts of electricity generation capacity—enough to power more than 1.1 million homes, or a major data center campus. There is room to expand.
Energypower
How a Texas gas producer plans to exploit the ‘mega trend’ of power plants for AI hyperscalers
By Jordan BlumDecember 5, 2025
2 hours ago
InnovationVenture Capital
This Khosla Ventures–backed startup is using AI to personalize cancer care
By Allie GarfinkleDecember 4, 2025
17 hours ago
AIEye on AI
Companies are increasingly falling victim to AI impersonation scams. This startup just raised $28M to stop deepfakes in real time
By Sharon GoldmanDecember 4, 2025
17 hours ago
Ted Pick
BankingData centers
Morgan Stanley considers offloading some of its data-center exposure
By Esteban Duarte, Paula Seligson, Davide Scigliuzzo and BloombergDecember 4, 2025
18 hours ago
Zuckerberg
EnergyMeta
Meta’s Zuckerberg plans deep cuts for metaverse efforts
By Kurt Wagner and BloombergDecember 4, 2025
18 hours ago

Most Popular

placeholder alt text
Economy
Two months into the new fiscal year and the U.S. government is already spending more than $10 billion a week servicing national debt
By Eleanor PringleDecember 4, 2025
23 hours ago
placeholder alt text
Success
‘Godfather of AI’ says Bill Gates and Elon Musk are right about the future of work—but he predicts mass unemployment is on its way
By Preston ForeDecember 4, 2025
18 hours ago
placeholder alt text
Success
Nvidia CEO Jensen Huang admits he works 7 days a week, including holidays, in a constant 'state of anxiety' out of fear of going bankrupt
By Jessica CoacciDecember 4, 2025
18 hours ago
placeholder alt text
Success
Nearly 4 million new manufacturing jobs are coming to America as boomers retire—but it's the one trade job Gen Z doesn't want
By Emma BurleighDecember 4, 2025
19 hours ago
placeholder alt text
North America
Jeff Bezos and Lauren Sánchez Bezos commit $102.5 million to organizations combating homelessness across the U.S.: ‘This is just the beginning’
By Sydney LakeDecember 2, 2025
3 days ago
placeholder alt text
Health
Bill Gates decries ‘significant reversal in child deaths’ as nearly 5 million kids will die before they turn 5 this year
By Nick LichtenbergDecember 4, 2025
1 day ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.