Bloomberg: "Meta in Talks for Scale AI Investment That Could Top $10 Billion"
$META
You know Alexandr Wang, the young guy who had the big puffer jacket in Davos? Not to be confused with the designer Alexander Wang mind you. Well he's the founder and CEO of Scale AI and Zuck might have called him. Smart move, Scale AI have numerous big tech and AI customers.
Some highlights from the article...
"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."
"Scale AI, whose customers include Microsoft Corp. and OpenAI, provides data labeling services to help companies train machine-learning models and has become a key beneficiary of the generative AI boom."
"This would be Meta’s biggest ever external AI investment, and a rare move for the company. The social media giant has before now mostly depended on its in-house research, plus a more open development strategy, to make improvements in its AI technology."
"Scale plays a key role in making AI data available for companies. Because AI is only as good as the data that goes into it, Scale uses scads of contract workers to tidy up and tag images, text and other data that can then be used for AI training."
Source (paywall):
https://www.bloomberg.com/news/articles/2025-06-08/meta-in-talks-for-scale-ai-investment-that-could-top-10-billion
You know Alexandr Wang, the young guy who had the big puffer jacket in Davos? Not to be confused with the designer Alexander Wang mind you. Well he's the founder and CEO of Scale AI and Zuck might have called him. Smart move, Scale AI have numerous big tech and AI customers.
Some highlights from the article...
"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."
"Scale AI, whose customers include Microsoft Corp. and OpenAI, provides data labeling services to help companies train machine-learning models and has become a key beneficiary of the generative AI boom."
"This would be Meta’s biggest ever external AI investment, and a rare move for the company. The social media giant has before now mostly depended on its in-house research, plus a more open development strategy, to make improvements in its AI technology."
"Scale plays a key role in making AI data available for companies. Because AI is only as good as the data that goes into it, Scale uses scads of contract workers to tidy up and tag images, text and other data that can then be used for AI training."
Source (paywall):
https://www.bloomberg.com/news/articles/2025-06-08/meta-in-talks-for-scale-ai-investment-that-could-top-10-billion