BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Meta Platforms in Advanced Talks to Invest Over $10B in Scale AI
Meta Platforms in Advanced Talks to Invest Over $10B in Scale AI
15
3
Meta Platforms (META) is negotiating a potential investment exceeding $10 billion in Scale AI, a data-labeling specialist pivotal to training AI models. The deal, if finalized, WOULD mark Meta's largest external funding commitment and rank among the most significant private-sector AI investments to date.
Scale AI's valuation could approach $25 billion following this round, building on its $13.8 billion valuation from a prior funding round that included Meta, Nvidia, and Amazon. The startup generated $870 million revenue in 2024, capitalizing on the generative AI boom since its 2016 founding by Alexandr Wang.
By:
Previous
Congress Advances Key Crypto Regulation Bill with CLARITY Act Updates
Next
TrueNorth Raises $1M to Develop AI-Powered Crypto Discovery Engine
