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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Early investors await Meta-Scale deal windfall: Report


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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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