Meta finalises Scale AI deal, valuing startup at $29 billion
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It was another big week for AI-related funding, topped off by Scale AI’s massive new investment from Meta. We also saw big rounds for startups in sectors including cybersecurity, networking, enterprise software and robotics,
Meta META is reportedly preparing to invest more than $10 billion in Scale AI, a startup providing high-quality labeled data to companies building next-generation AI models, including OpenAI and Microsoft MSFT. If finalized, the deal would rank among the largest private funding rounds in tech history, Bloomberg reports.
Here's what you need to know this week about artificial intelligence in the Bay Area: Altman waxes poetic for a "gentle singularity," talent war heats up with Meta and Scale AI deal, OpenAI eyes more office space,
Meta invests $14.3B in Scale AI, appointing CEO Alexandr Wang to lead its superintelligence unit. Learn how Wang's journey is reshaping Meta's AI vision.
As part of the deal, Scale AI’s CEO will take a top position inside Meta, leading a new “superintelligence” lab, according to the report.
Meta Platforms has agreed to take a 49% stake in artificial intelligence startup Scale AI for $14.8 billion, The Information reported on Tuesday, citing two people familiar with the matter.
Meta’s potential investment would be its largest external AI outlay so far. Unlike its peers, the tech giant has largely relied on internal research and open-source AI development
Meta's $14.3 billion deal with Scale AI and its founder Alexandr Wang shows that the AI race is still wide open and moving fast. Who could be next?