Scale AI just snatched its own founder and CEO, lifting its valuation to $12.4 billion.
The move comes from an all-stock deal that pulls Alexandr Wang away from his startup. This deal doubles the company’s worth in under a year.
The deal also sends a message: Scale AI is playing big in the data-labeling and AI training space. Wang’s departure signals a shift but also a massive boost in resources.
No official word on Wang’s future role after the acquisition. Investors and insiders are watching closely.
