Tech giant Meta is investing more than $14 billion to acquire a 49% stake in artificial intelligence firm Scale AI, the San Francisco-based company's CEO confirmed on X.

OpenAI is phasing out its work with Scale AI and cutting ties with the data provider following Meta’s deal with the startup, an OpenAI spokesperson told Bloomberg on Wednesday. Sarah Friar, the chief financial officer of OpenAI,

OpenAI has been winding down its work with Scale AI over the last year, according to a spokesperson. Meta is investing $14.3 billion into Scale AI and will have a 49% stake in the startup, which helps tech companies prepare data they use to train cutting-edge AI models.