According to Bloomberg, Meta is discussing a multibillion-dollar investment in Scale AI. The deal could reportedly exceed $10 billion, making it the largest outside investment in AI by a Facebook parent company and one of the largest financial events for a private company in history.
Scale AI (CEO Alexander Wang pictured above) provides data labeling services to companies such as Microsoft and OpenAI to help them train their AI models. Much of this labeling work is done by contractors – incidentally, the Department of Labor recently dropped its investigation into whether the company misclassified and underpaid workers.
According to Bloomberg, the company generated $870 million in revenue last year and expects to generate $2 billion this year.
Meta was already a $1 billion Series F investor in Scale AI, which valued the company at $13.8 billion. Scale AI has also created Defense Llama, a large language model designed for military use, based on Meta’s Llama 3.
