According to Bloomberg's report, Meta is in advanced negotiations with Scale AI for a multibillion-dollar investment deal. The value of the transaction is expected to exceed $10 billion, making it Meta's largest external investment in the field of artificial intelligence and one of the largest financing events for a private company in history.
Scale AI is a company specializing in data labeling services, helping enterprises like Microsoft and OpenAI train their artificial intelligence models. Most of its labeling work is completed by contract workers. Recently, the U.S. Department of Labor has concluded its investigation into whether Scale AI improperly classified and underpaid employees.
Reportedly, Scale AI achieved $870 million in revenue last year and is expected to reach $2 billion this year. Meta had already invested in Scale AI during its $1 billion Series F funding round, which valued Scale AI at $13.8 billion. Additionally, Scale AI developed a large language model called "Defense Llama" based on Meta's Llama3, specifically designed for military applications.
This investment will likely further solidify Meta's position in the field of artificial intelligence technology, particularly in terms of data processing and model training capabilities. Through collaboration with Scale AI, Meta will gain stronger data labeling support, which is critical for the development of its artificial intelligence products.
As artificial intelligence technology continues to evolve, the demand for high-quality data from companies is increasing. As a leading player in the industry, Scale AI is expected to continue expanding its market share in the coming years. This potential investment will not only provide more financial support for Scale AI but also help Meta secure a competitive position in the fiercely contested artificial intelligence market.
Key Points:
🌟 Meta is in talks for an investment worth over $10 billion with Scale AI.
📈 Scale AI generated $870 million in revenue in 2022 and is expected to reach $2 billion in 2023.
🛡️ Scale AI also developed a large language model named "Defense Llama" for military-specific use.