Welcome to the TechMean Brite Home for Thursday, June 12th, 2025. I'm Brian McCullough. Today, I

explain how and why exactly this big meta-investment in scale AI came about. Hollywood sues AI in a big

way for the first time, a look at how stablecoins have mainstreamed crypto at long last, and episode

number 205 of the long-running series.

We blew up traditional TV just to rebuild it. Here's what Jim is today in the world of tech.

Gotta catch you up on something that sort of fell through the cracks because of when it happened.

Mata has apparently formally agreed to take a 49% stake in Scale AI for $14.8 billion

and a deal that gives cash to scales shareholders and makes Alexander Wang a top meta executive.

So sort of an acchiaire, right? Quote, meta would put Wang in charge of a new

superintelligence lab, along with other top-scale technical employees. The New York Times and Bloomberg reported

Tuesday morning that will put Wang 28 in competition with some of his customers and friends,

including OpenAI CEO Sam Altman. The deal likely would further enrich Wang,

who became the youngest self-made billionaire in the U.S. several years ago. The deal,

which hasn't been finalized, appears to be a rich one for scales shareholders with big paydays

for some of scale's biggest investors such as a sell, index ventures, founders fund, and

Green Oaks, as well as current and former employees.

Scale shareholders also would maintain their existing holdings in scale, which would now be

valued at $28 billion, including the cash invested up from $13.8 billion last year, end quote.

But back to the AccuHire angle of this.

The information also reports that this deal was motivated

by Mark Zuckerberg's desire to find new leadership for meta's AI efforts and his personal

relationship with Alexander Wang. Quote, Meta Platform's CEO Mark Zuckerberg has tried to

...