Meta in talks for Scale AI investment that could top $10 billion

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Meta Platforms Inc. is in talks to make a multibillion-dollar investment into artificial intelligence startup Scale AI, according to people familiar with the matter.

The financing could exceed $10 billion in value, some of the people said, making it one of the largest private company funding events of all time.

The terms of the deal are not finalised and could still change, according to the people, who asked not to be identified discussing private information.

A representative for Scale did not immediately respond to requests for comment. Meta…



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Meta in talks for Scale AI investment that could top $10 billion


Meta Platforms Inc. is in talks to make a multibillion-dollar investment into artificial intelligence startup Scale AI, according to people familiar with the matter.

The financing could exceed $10 billion in value, some of the people said, making it one of the largest private company funding events of all time.

The terms of the deal are not finalised and could still change, according to the people, who asked not to be identified discussing private information.

A representative for Scale did not immediately respond to requests for comment. Meta…



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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