Meta Platforms Inc. (NASDAQ:META) is reportedly in discussions to invest over $10 billion in Scale AI, according to a recent Bloomberg report. This potential move signifies a major strategic shift for Meta, which has primarily focused on internal AI development.
Scale AI, a rapidly expanding startup, specializes in providing crucial data infrastructure for artificial intelligence, including advanced data labeling services that support large language model development. The company already collaborates with Meta on “Defense Llama,” a specialized version of Meta’s open-source Llama model tailored for government and defense applications. Scale AI also serves industry giants like Microsoft and OpenAI and projects doubling its revenue to $2 billion this year, up from $870 million last year.
This potential investment would mark Meta’s most substantial external AI commitment to date. CEO Mark Zuckerberg has pledged up to $65 billion towards AI investments this year, and this deal underscores Meta’s escalating drive to expand its AI footprint beyond its core platforms.
Meta Platforms Inc. operates leading social media platforms like Facebook, Instagram, WhatsApp, Messenger, and Threads, along with virtual reality services and Oculus headsets. The company primarily generates revenue through advertising placements across its family of apps.
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News Source: Finance.Yahoo.com
