Meta plans to invest over $10 billion in the startup Scale AI

Meta Platforms is negotiating a multi-billion-dollar investment in AI startup Scale AI. The investment amount could exceed $10 billion, making it one of the largest investments in a private company ever. Final terms of the deal have not yet been approved, so the investment amount may change. Official representatives of Meta and Scale AI have declined to comment on the matter.

Scale AI, whose clients include Microsoft and OpenAI, provides data labeling services to help companies train AI models. The startup has emerged as one of the key beneficiaries of the AI boom, with its valuation reaching $14 billion during the previous funding round last year. If the deal with Meta goes through, it will be the largest external investment by Mark Zuckerberg's company in AI.

At the same time, other tech giants are investing heavily in third-party developers. Microsoft has invested over $13 billion in OpenAI, while Amazon and Alphabet have poured billions into Anthropic. Part of these investments is tied to providing credits for using their own computing resources.

Mark Zuckerberg has made AI a top priority for Meta. Meta continues to promote its Llama AI model and its proprietary AI bot, which is available on Facebook, Instagram, and WhatsApp and is used monthly by over a billion people.

Scale AI is an American company founded in 2016. It specializes in data labeling for AI training and has become a leader in generative AI. Last year, its revenue was $870 million, and it is expected to grow to $2 billion by the end of 2025.

Source: bloomberg