Meta reportedly in talks to invest billions of dollars in Scale AI

Meta is reportedly in discussions to make a multi-billion dollar investment in Scale AI, potentially exceeding $10 billion, according to Bloomberg. This would mark the largest external AI investment by Meta and one of the largest funding events for a private company. Scale AI, led by CEO Alexandr Wang, specializes in data labeling services for companies like Microsoft and OpenAI, aiding in AI model training. The company recently faced and resolved a Department of Labor investigation regarding employee classification and compensation.

Scale AI generated $870 million in revenue last year and anticipates reaching $2 billion this year. Meta was already an investor in Scale AI’s $1 billion Series F funding round, which valued the company at $13.8 billion. Additionally, Scale AI developed Defense Llama, a large language model for military use, utilizing Meta’s Llama 3.

Key takeaways

Meta is considering a multi-billion dollar investment in Scale AI, potentially exceeding $10 billion.
This investment would be the largest external AI investment by Meta and one of the largest funding events for a private company.
Scale AI provides data labeling services to companies like Microsoft and OpenAI and saw $870 million in revenue last year, expecting $2 billion this year.
Scale AI developed Defense Llama, a large language model for military use, on Meta's Llama 3.

Meta reportedly in talks to invest billions of dollars in Scale AI | TechCrunch

Key takeaways

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