Meta is discussing a multi-billion greenback funding in Scale AI, in response to Bloomberg. In actual fact, the deal worth might reportedly exceed $10 billion, making it the biggest exterior AI funding for the Fb 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 knowledge labeling companies to firms corresponding to Microsoft and OpenAI to assist them practice their AI fashions. A lot of that labeling work is completed by contractors — in reality, the Division of Labor not too long ago dropped its investigation into whether or not the corporate was misclassifying and underpaying workers.
In accordance with Bloomberg, the corporate noticed $870 million in income final 12 months and expects to usher in $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.
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