Meta is discussing a multi-billion greenback funding in Scale AI, in accordance with Bloomberg. Actually, the deal worth might reportedly exceed $10 billion, making it the biggest exterior AI funding by Fb’s dad or mum firm and one of many largest funding occasions ever for a personal firm.
Scale AI (whose CEO Alexandr Wang is pictured above) supplies information labeling companies to corporations corresponding to Microsoft and OpenAI to assist them practice their AI fashions. A lot of that labeling work is finished by contractors — in truth, the Division of Labor lately dropped its investigation into whether or not the corporate was misclassifying and underpaying staff.
Based on Bloomberg, the corporate noticed $870 million in income final 12 months and expects to herald $2 billion this 12 months.
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 army use, on high of Meta’s Llama 3.
