Meta Platforms is reportedly engaged in discussions regarding a significant investment in the artificial intelligence firm Scale AI, with the potential amount surpassing $10 billion, according to a report by Bloomberg News on Sunday.
Details surrounding the agreement remain unsettled and may evolve as negotiations continue, the report indicated, citing sources with insider knowledge. Scale AI, currently valued at approximately $14 billion, counts among its investors tech titans including Nvidia and Amazon, along with Meta itself.
When approached by Reuters for comments, Scale AI refrained from making a statement, and Meta did not provide an immediate response outside of standard business hours.
Founded in 2016, Scale AI specializes in data labeling and has developed a platform that facilitates the sharing of AI-related information among researchers. The company has garnered support from contributors situated in more than 9,000 cities across the globe.