Introduction
Meta Platforms is reportedly negotiating a significant investment in Scale AI, an artificial intelligence startup, which could exceed $10 billion.
Context
The specific terms of the deal are still under discussion and may evolve, according to sources familiar with the negotiations. Founded in 2016, Scale AI specializes in data labeling and has garnered support from major tech firms including Nvidia, Amazon, and Meta.
Developments
Valued at nearly $14 billion, Scale AI also offers a platform for researchers to share AI-related information, boasting contributors from more than 9,000 cities and towns. Both Scale AI and Meta Platforms have refrained from commenting on the ongoing discussions.
Conclusion
As Meta explores this substantial investment in Scale AI, the development reflects the growing interest in AI and the competitive landscape among technology companies aiming to enhance their capabilities in this field.