Meta considers investing more than $10 billion in ScaleAI "
According to online reports, according to people familiar with the matter, Meta Platforms(META.O) is in talks to invest in artificial intelligence startup Scale AI. It is reported that the value of the financing may exceed US$10 billion, making it the largest private company financing event in history. One. People familiar with the matter said the terms of the deal have not yet been finalized and could still change. Scale AI provides data labeling services that help companies train machine learning models and has become a major beneficiary of the generative artificial intelligence boom, with customers including Microsoft (MSFT.O) and OpenAI. The startup's last round of financing, valued at approximately $14 billion, was in 2024, with support from Meta and Microsoft. Earlier this year, media reported that Scale AI was negotiating a $25 billion takeover offer.
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