
Meta plans to invest over $10 billion in Scale AI, setting a new record for private company financing

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Meta is in negotiations for a multi-billion dollar investment with Scale AI, with financing potentially exceeding $10 billion, which would set a new record for private company financing if successful. This would be Meta's largest external AI investment, marking its interest in defense technology. Scale AI focuses on data labeling, with revenue of $870 million last year, and is expected to double to $2 billion by 2025
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