Meta reportedly in talks to take a position billions of {dollars} in Scale AI

Meta is discussing a multi-billion greenback funding in Scale AI, in accordance with Bloomberg. Actually, the deal worth might reportedly exceed $10 billion, making it the biggest exterior AI funding by Fb’s guardian firm and one of many largest funding occasions ever for a personal firm.

Scale AI (whose CEO Alexandr Wang is pictured above) gives information labeling companies to corporations resembling Microsoft and OpenAI to assist them prepare their AI fashions. A lot of that labeling work is finished by contractors — in actual fact, the Division of Labor not too long ago dropped its investigation into whether or not the corporate was misclassifying and underpaying staff.

In accordance with 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 Collection F, which valued the corporate at $13.8 billion. Scale AI additionally constructed Protection Llama, a big language mannequin designed for navy use, on prime of Meta’s Llama 3.