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Gratitude

Team—

When I founded Scale in 2016, it was amidst some of the early Al breakthroughs—DeepMind had just released AlphaGo, and Google had just released Tensorflow—but it was still incredibly early. It was clear even then that data was the lifeblood of Al systems, and that was the inspiration behind starting Scale. Since then, the journey has been extraordinary.

We've grown to over 1,500 people and become the trusted partner for model builders, enterprises, and governments building and deploying the smartest Al tools and applications. Scale is now one of the most impactful companies in the world, accelerating the development of what may be the most important technology in human history. Today, we are announcing a massive new investment from Meta. This is a major milestone and a powerful validation of the hard work you've all put into Scale's mission.

With this foundation, it's now time to focus on the next chapter. Building this company alongside all of you has been my life—l started this company right out of freshman year of MIT and never looked back. Every moment and memory of the past decade has been surrounded by you all. And I wouldn't change a minute of it.

When this opportunity first presented itself, my immediate reaction was uncertainty. The idea of not being a Scalien was, frankly, unimaginable. 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. It offered a rare chance to give back to everyone who has helped shape Scale, while setting the company on an even stronger trajectory for what's ahead.

As you've probably gathered from recent news, opportunities of this magnitude often come at a cost. In this instance, that cost is my departure. It has been the absolute greatest pleasure of my life to serve as your CEO.

As to what is next for me, I will be leaving Scale to join Meta to work on Meta's Al efforts, along with a few other Scaliens. While it is bittersweet to depart as CEO, I would never leave Scale behind. ' stay on as a director on the Board, continuing to support Scale's mission and long-term vision.

As part of my transition, I'm excited to share that Scale's Board of Directors and I have agreed that Jason Droege will step in as Interim CEO. Jason's superpowers in building and evolving businesses like Uber Eats and AXON give him the experience and skillset that make him the best person for this role. Jason knows our business and knows what Scale must do to execute on the immense opportunity ahead. Jason is also working closely with our board to hire a strong CTO to bolster our engineering teams. And let me be clear, I wouldn't be in such strong support if I weren't confident that Jason and the rest of the team are the right leaders to carry our mission forward.

Today's investment also allows us to give back in recognition of your hard work and dedication to Scale over the past several years. The proceeds from Meta's investment will be distributed to those of you who are shareholders and vested equity holders, while maintaining the opportunity to continue participating in our future growth as ongoing equity holders. The exceptional team here has been the key to our success, so I'm thrilled to be able to return the favor with this meaningful liquidity distribution.

Thank you for everything.

Alex

SAN FRANCISCO, June 12, 2025 – Scale AI, Inc. (“Scale” or the “Company”), the humanity-first AI company, today announced a significant new investment from Meta Platforms, Inc. (Nasdaq: META) that values Scale at over $29 billion.

In addition, Scale’s founder, Alexandr Wang, is joining Meta to work on Meta’s AI efforts. Wang will continue to serve as a director on the Scale Board of Directors and support Scale’s ongoing work to unlock the power of AI and keep human values at the forefront.

Through the years, we created and nurtured dozens of projects that are now household names at Meta, used by dozens of teams to build better products: PyTorch, FAISS, Roberta, Dino, Llama, SAM, Codegen, Audiobox, ….

Today, as the world undergoes significant change, as the race for AI accelerates, and as Meta prepares for its next chapter, it is time to create space for others to pursue the work. I will be cheering from the sidelines, knowing that you have all the ingredients needed to build the best AI systems in the world, and to responsibly bring them into the lives of billions of people.

Following the unprecedented growth and momentum of our open source Llama collection of models and tools, we’re excited to introduce LlamaCon—a developer conference for 2025 that will take place April 29.

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Specifically, we have seen some reduced spend in the U.S. from Asia-based ecommerce exporters, which we believe is in anticipation of the de minimis exemption going away on May 2nd. A portion of that spend has been redirected to other markets, but overall spend for those advertisers is below the levels prior to April.

The higher costs we expect to incur for infrastructure hardware this year really comes from suppliers who source from countries around the world. And there’s just a lot of uncertainty around this, given the ongoing trade discussions.

We’re pleased to have partners investing alongside us and bringing Llama to market like AWS and Azure who are helping us host Llama.
We’re always looking for opportunities to continue deepening or expanding those partnerships. But we are funding the infrastructure that is being used to train Llama, and we don’t have any expectation that that will change at this point.

Our advertising revenue in the European economic area and Switzerland, which would be the geographies impacted here, was 16% of our worldwide total revenue in 2024.

So year-over-year growth in gaming was negative in Q1 as we lapped a period of strong spend from China-based advertisers that were promoting a larger volume of game titles in Q1 of 2024. And then year-over-year growth in the government and politics vertical dropped sharply as expected with the conclusion of U.S. elections. But that continues to just be a very small vertical overall.

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We are in the fortunate position where the strong results that we're seeing in our core products and business give us the opportunity to make deep investments for the future. And I plan to fully seize that opportunity to build some amazing things that will pay off for our community and our investors for decades to come. The progress we're making on both the foundational technology and product experiences suggests that we're on the right track.

~ Mark Zurkburg

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I think it's worth calling that out that we've historically seen a lot of volatility in our stock during this phase of our product playbook where we're investing in scaling a new product, but aren't yet monetizing it. We saw this with reels, stories as newsfeed transitioned to mobile and more and I also expect to see a multi-year investment cycle before we fully scaled Meta AI, business AIs and more into the profitable services I expect as well.

~ Mark Zurkburg

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