Meta plans to invest over $10 billion in Scale AI, with a valuation exceeding $29 billion

ChainCatcher news, according to Jin10 data reports, Meta Platforms is in talks with artificial intelligence startup Scale AI for a potential investment of over $10 billion. If this deal is reached, it will become one of the largest private financing activities in history.

Scale AI was founded in 2016 by CEO Alexandr Wang and primarily provides data labeling services to help companies train machine learning models. The company has become a major beneficiary in the wave of generative artificial intelligence, with clients including Microsoft and OpenAI. Scale AI was valued at approximately $14 billion in a funding round in 2024, and after this financing, its valuation is expected to exceed $29 billion.