Meta is reportedly in talks for a multi-billion dollar investment in Scale AI, potentially exceeding $10 billion, which would mark one of the largest external AI investments for the parent company of Facebook. Scale AI, known for its data labeling services that assist firms like Microsoft and OpenAI in developing AI models, generated $870 million in revenue last year and anticipates reaching $2 billion this year. The investment follows Meta's previous participation in Scale AI's $1 billion Series F funding round, valuing the company at $13.8 billion.
Meta's potential multi-billion dollar investment in Scale AI could exceed $10 billion, marking it as one of the largest external AI investments ever.
Scale AI, whose revenue is expected to reach $2 billion this year, provides crucial data labeling services for training AI models for major firms including Microsoft and OpenAI.
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