Meta Platforms is contemplating an investment that could exceed 10 billion dollars in the AI-focused startup Scale AI.
This news comes from Bloomberg.
The terms of the deal remain unfinalized and may change, according to sources familiar with the matter.
Founded in 2016, Scale AI specializes in data labeling and is backed by tech giants such as Nvidia and Meta.
The latest valuation of Scale AI was nearly 14 billion dollars. The company also offers a platform for sharing AI-related information for researchers across more than 9000 locations.