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Meta is discussing a multi-billion greenback funding in Scale AI, in response to Bloomberg. In reality, the deal worth may 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) gives information labeling providers to firms similar to Microsoft and OpenAI to assist them practice their AI fashions. A lot of that labeling work is finished by contractors — in reality, the Division of Labor lately 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 yr and expects to usher in $2 billion this yr.
Meta was already an investor in Scale AI’s $1 billion Sequence 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.
