ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/meta-platforms” target=”_blank”>Meta Platforms has agreed to take a 49% stake in artificial intelligence startup ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/scale-ai” target=”_blank”>Scale AI for $14.8 billion, The Information reported on Tuesday, citing two people familiar with the matter.
Founded in 2016, Scale AI provides vast amounts of labeled data or curated training data, which is crucial for developing sophisticated tools such as OpenAI’s ChatGPT.
The deal, which has not been finalized yet, appears to be beneficial for Scale AI’s investors, including rel=”dofollow” href=”https://economictimes.indiatimes.com/accel-ltd/stocks/companyid-8903.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Accel, Index Ventures, Founders Fund and Greenoaks Capital, as well as its current and former…
