News Summary

Meta Platforms is reportedly in advanced talks to make a multibillion-dollar investment in the AI startup Scale AI. The investment could exceed $10 billion, making it one of the largest funding events for a private company. Scale AI, known for providing data labeling services to major tech firms like Microsoft and OpenAI, generated $870 million in revenue last year and expects to reach $2 billion this year. Previously, Meta participated in Scale AI’s $1 billion Series F funding round, which valued the company at $13.8 billion. This potential investment underscores Meta’s commitment to AI development, positioning Scale AI as a critical player in the AI market.