Meta is discussing a multi-billion greenback funding in Scale AI, based on Bloomberg. In reality, the deal worth may reportedly exceed $10 billion, making it the biggest exterior AI funding by Facebook’s father or mother firm and one of many largest funding occasions ever for a personal firm.
Scale AI (whose CEO Alexandr Wang is pictured above) offers knowledge labeling companies to firms similar to Microsoft and OpenAI to assist them practice their AI fashions. Much of that labeling work is completed by contractors — actually, the Department of Labor lately dropped its investigation into whether or not the corporate was misclassifying and underpaying staff.
According to 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 Series F, which valued the corporate at $13.8 billion. Scale AI additionally constructed Defense Llama, a big language mannequin designed for army use, on prime of Meta’s Llama 3.
