Meta in talks over Scale AI investment that could exceed $10 billion
HighlightsMeta Platforms is reportedly in discussions to invest over $10 billion in the artificial intelligence startup Scale AI, according to Bloomberg News. Scale AI, founded in 2016, is a data labeling company supported by major tech firms including Nvidia, Amazon, and Meta Platforms. The startup Scale AI was last valued at nearly $14 billion and facilitates a platform for researchers to share AI-related information across more than 9,000 locations.
Meta Platforms is in talks to make an investment that could exceed $10 billion in
artificial intelligence startup
Scale AI, Bloomberg News reported on Sunday.
The terms of the deal were not yet finalized and could still change, the report said, citing people familiar with the matter.
Scale AI declined to comment and Meta did not immediately respond to Reuters request for comment outside regular business hours.
Founded in 2016, Scale AI is a
data labeling startup
backed by tech giants Nvidia, Amazon and Meta.
Last valued at nearly $14 billion, Scale AI also provides a platform for researchers to exchange AI-related information, with contributors in more than 9,000 cities and towns.
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