Meta reportedly in talks to invest billions of dollars in Scale AI
Meta discusses an investment of multi-billion dollars in scale AI, According to Bloomberg. Allegedly the deal value can be higher than $ 10 billion, making it the largest external AI investment by Facebook’s parent company and one of the largest financing events ever for a private company.
Scale AI (whose CEO Alexandr Wang is shown above) offers data labeling services to companies such as Microsoft and OpenAI to help them train their AI models. Much of that labeling work is done by contractors – In fact, the Ministry of Labor recently dropped his research or the company was wrongly classified and underpaid.
According to Bloomberg, the company saw $ 870 million in income last year and expects to deliver $ 2 billion this year.
Meta was already an investor in scale AI’s $ 1 billion series F, which appreciated the company at $ 13.8 billion. Scale AI also built Defense LlamaA large language model designed for military use, on top of Lama 3 from Meta.
