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

Meta is discussing a multi-billion greenback funding in Scale AI, according to Bloomberg. In reality, the deal worth might reportedly exceed $10 billion, making it the biggest exterior AI funding by Fb’s father or mother firm and one of many largest funding occasions ever for a personal firm.

Scale AI (whose CEO Alexandr Wang is pictured above) supplies knowledge labeling companies to corporations comparable to Microsoft and OpenAI to assist them practice their AI fashions. A lot of that labeling work is finished by contractors — in truth, the Division of Labor just lately dropped its investigation into whether or not the corporate was misclassifying and underpaying staff.

In response to Bloomberg, the corporate noticed $870 million in income final yr and expects to usher in $2 billion this yr.

Meta was already an investor in Scale AI’s $1 billion Series F, which valued the corporate at $13.8 billion. Scale AI additionally constructed Defense Llama, a big language mannequin designed for army use, on high of Meta’s Llama 3.