Tech
Meta to pay nearly $15 billion for Scale AI stake: Report
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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.
Founded in 2016, Scale AI provides vast amounts of labeled data or curated training data, which is crucial for developing sophisticated tools such as OpenAI’s ChatGPT.
The deal, which has not been finalized yet, appears to be beneficial for Scale AI’s investors, including Accel, Index Ventures, Founders Fund and Greenoaks Capital, as well as its current and former…
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