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Hey there, tech enthusiasts! Today, we’re diving into some exciting news about Meta and its massive plans for AI investments. Buckle up, because this could be a pivotal moment for artificial intelligence.
Meta is reportedly exploring a multi-billion dollar deal to put its money into Scale AI, a leading data labeling company for AI training. This investment might surpass $10 billion, making it one of the largest outside funding events for AI companies and the Facebook parent.
Scale AI, led by CEO Alexandr Wang, helps giants like Microsoft and OpenAI train their AI models by providing crucial data annotation services. Interestingly, a lot of this work is done by contractors, raising questions about labor practices, which the Department of Labor recently investigated but then dropped.
Last year, Scale AI generated $870 million in revenue, aiming to double that this year. Meta was already an investor in their $1 billion Series F funding round, which valued the company at nearly $14 billion. They’ve also developed specialized AI like Defense Llama, a military-focused language model built on Meta’s Llama 3 infrastructure.
This potential deal highlights Meta’s commitment to AI, signaling a significant push in the industry. It’s a fascinating glimpse into how tech giants are competing and collaborating to shape the future of artificial intelligence.
