Meta in talks over Scale AI stake that could top – Business News
Meta Platforms is in talks to make an investment that could exceed $10 billion in artificial intelligence startup Scale AI, Bloomberg News reported on Sunday.
The phrases of the deal weren’t but finalized and could nonetheless change, the report mentioned, citing people conversant in the matter.
Scale, valued at round $14 billion, is backed by Nvidia, Amazon, and Meta. Robert – stock.adobe.com
Scale AI declined to remark and Meta didn’t instantly reply to Reuters request for remark outdoors common business hours.
Founded in 2016, Scale AI is a knowledge labeling startup backed by tech giants Nvidia, Amazon, and Meta.
Last valued at almost $14 billion, Scale AI additionally supplies a platform for researchers to exchange AI-related data, with contributors in more than 9,000 cities and cities.
