Reported about 8 hours ago
Meta Platforms Inc. is reportedly in negotiations for a potential investment exceeding $10 billion in AI startup Scale AI, marking its largest external investment in artificial intelligence to date. Scale AI, co-founded in 2016, specializes in data labeling for machine-learning models and has become essential during the generative AI boom, boasting significant clients like Microsoft and OpenAI. As Meta is focusing heavily on AI development, particularly with its chatbot technology, this investment aligns with major trends in the tech industry, where competitors like Microsoft and Amazon have already committed substantial funds to AI initiatives.
Source: YAHOO