Tech
Early investors await Meta-Scale deal windfall: Report
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Meta is planning to invest $15 billion in Scale AI, beefing up its artificial intelligence (AI) talent pool and ensuring hefty returns for some early investors in both companies, according to The Information.
Investors set to gain from the deal include Peter Thiel’s Founders Fund, Chase Coleman’s Tiger Global and venture capital firm Accel.
While the deal is yet to be finalised, Meta is expected to pay between $14 and $15 a share. Some of the earliest investors in Scale AI paid 1 to 3 cents per share, including angel investor Paige Craig’s…
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