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Meta in talks for Scale AI investment that could top US$10 bil

David Carnevali, Shirin Ghaffary, Katie Roof and Kurt Wagner / Bloomberg
David Carnevali, Shirin Ghaffary, Katie Roof and Kurt Wagner / Bloomberg • 3 min read
Meta in talks for Scale AI investment that could top US$10 bil
Scale AI, whose customers include Microsoft Corp. and OpenAI, provides data labelling services to help companies train machine-learning models and has become a key beneficiary of the generative AI boom. Photo: Bloomberg
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Meta Platforms Inc. is in talks to make a multibillion-dollar investment into artificial intelligence startup Scale AI, according to people familiar with the matter.

The financing could exceed US$10 billion ($12.9 billion) in value, some of the people said, making it one of the largest private company funding events of all time.

The terms of the deal are not finalised and could still change, according to the people, who asked not to be identified discussing private information.

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