Meta is discussing a multi-billion greenback funding in Scale AI, in accordance with Bloomberg. In reality, the deal worth might reportedly exceed $10 billion, making it the biggest exterior AI funding by Fb’s father or mother firm and one of many largest funding occasions ever for a non-public firm.
Scale AI (whose CEO Alexandr Wang is pictured above) supplies knowledge labeling companies to corporations comparable to Microsoft and OpenAI to assist them prepare their AI fashions. A lot of that labeling work is completed by contractors — in actual fact, the Division of Labor lately dropped its investigation into whether or not the corporate was misclassifying and underpaying staff.
In line with Bloomberg, the corporate noticed $870 million in income final yr and expects to herald $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.
