Meta’s looking to make a massive move in the AI world—with a possible multi-billion dollar investment in Scale AI, according to Bloomberg. If this goes through, the deal could top $10 billion, making it not just Meta’s biggest AI bet yet, but also one of the largest private funding deals in tech history.
So, what does Scale AI do? The company, led by CEO Alexandr Wang, helps train AI by labeling data—think images, text, and video—so that models from giants like Microsoft and OpenAI can learn from it. Most of this work is done by contractors, and the company recently made headlines after the U.S. Department of Labor wrapped up an investigation into whether Scale was misclassifying or underpaying those workers.
Last year, Scale AI pulled in $870 million in revenue. This year? It’s aiming for $2 billion.
Meta already had skin in the game, having joined Scale’s $1 billion Series F funding round that put the company’s value at $13.8 billion. On top of all that, Scale also created “Defense Llama”—a military-focused AI model built on Meta’s own Llama 3 technology.
