Meta of lectures on scale AI investments that could exceed $10 billion
Meta Platform According to people familiar with the issue, Inc. is in discussion to make billions of dollars investments in AI startup scale.
The value of the fundraising could exceed $10 billion, some said, making it one of the biggest private company fundraising events of all time.
According to those who were asked not to be identified to discuss personal information, the terms of the transaction have not been fixed and may change.
Representatives of the scale did not immediately respond to requests for comment. Meta declined to comment.
Scale the AI that customers include Microsoft Corp. and Openai have provided data labeling services to help companies train machine learning models, becoming key beneficiaries of the generation AI boom. The startup was last ratedApproximately $14 billion2024 in a funding round that includes support from Meta and Microsoft. Previouslythis yearBloomberg reported that it is in discussions on a tender offer that will be valued at a scale of $25 billion.
This is Meta’s biggest external AI investment in history and a rare move for the company. The social media giant has previously relied on more open development strategies to improve AI technology, mainly in addition to in-house research. Meanwhile, major high-tech piers have invested heavily. Microsoft has itOver $13 billionBoth are open Amazon.com Inc. and alphabet Inc. has itput Billions to rivalsHumanity.
Part of these companies’ investments came through credits using computing power. Meta does not have a cloud business. It is also unclear what form Meta’s investment will be.
Chief Executive Mark Zuckerberg sets top priority for the AI meta, and in January the company was$65 billionThis year’s related projects.
The company’s push includes efforts to make llamas a global industry standard. Meta’s AI chatbot (already available on Facebook, Instagram and WhatsApp) is used by 1 billion people per month.
read more:10 Defense Technology Startups to Watch in 2025
A scale co-founded by CEOs in 2016Alexandre Wangis growing rapidly. The startup generated $870 million in revenue last year, and expects sales to be in excess of $2 billion in 2025.Previously reported.
Scale plays a key role in making AI data available to businesses. Because AI is as good as the data that goes into it, Scale can be organized using contract workers’ scads and tagged images, text and other data for use in AI training.
Scale and meta share the interest in defense technology. Last week, Meta announced a new partnership with defense contractor Anduril Industries Inc., developing products for the US military.AI-equipped helmetIt has virtual and augmented reality features. Meta also grants approval to US government agencies and defense contractors.Use AI models.
The company is already affiliated with Scale on a program calledDefense phone– Version of Meta’s Llama Large Language Model for military use.
Scale is increasingly working with the US government to develop AI for defensive purposes. Earlier this year, the startup said it had won a contract with the Department of Defense.Working with AIAgent Technology. The company called the contract “an important milestone in military progress.”
This story was originally introduced Fortune.com