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Meta in Talks over Scale AI Investment that Could Exceed $10 Billion, Bloomberg Reports
- Meta Platforms Inc. is reportedly negotiating a deal to invest over $10 billion in Scale AI, a startup established in 2016 that offers data-labeling services essential for machine learning.
- The discussions come after Scale AI was valued at $13.8 billion in May 2024, with ongoing talks about a potential deal that might increase its valuation to $25 billion.
- Under CEO Alexandr Wang, Scale AI reported revenue of $870 million in 2024 and anticipates doubling its sales to $2 billion in 2025, serving prominent clients including Microsoft and OpenAI.
- Meta CEO Mark Zuckerberg announced a $60-$65 billion AI spending plan for 2025, and Meta and Scale collaborate on AI tools for defense, including Defense Llama.
- If finalized, the investment would be Meta’s largest external AI outlay and could strengthen Scale AI’s role in the AI ecosystem amid growing industry competition.
44 Articles
44 Articles
Meta eyes 49pct stake in Scale AI for US$14.8bil
NEW YORK: Meta Platforms has agreed to take a 49 per cent stake in artificial intelligence startup Scale AI for US$14.8 billion, The Information reported on Tuesday, citing two people familiar with the matter. © New Straits Times Press (M) Bhd
Meta Eyes Scale AI, a Quiet Data Powerhouse, in $10B A.I. Push
Scale AI, a startup specializing in providing high-quality data for training A.I. systems, is making inroads into the Big Tech-dominated A.I. race. Bloomberg reported on Sunday (June 8) that Meta is in talks to invest more than $10 billion in the San Francisco-based company, a deal that could be one of the largest private company financing rounds ever. If finalized, it would also significantly increase the wealth of Scale AI’s young founders, pa…
TSMC Jumps; Meta AI Strategy; McDonald's Downgrade - Stock Movers
On this episode of Stock Movers: Taiwan Semiconductor Manufacturing Co. (TSMC) shares are higher this morning as the main chipmaker for Nvidia Corp. and Apple Inc., reported a 40% jump in May revenue after companies stockpiled chips in response to mounting trade uncertainty. The company's CEO last week reaffirmed the company’s guidance for sales to grow in the mid-20% range in US dollar terms in 2025. AI chip demand still outstrips supply, he to…
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