Meta Platforms (NASDAQ:META) is reportedly on the verge of acquiring a significant 49% stake in artificial intelligence startup Scale AI for an estimated $14.8 billion, according to a report by The Information, citing two individuals familiar with the ongoing discussions.
The potential deal, though not yet finalized, marks a strategic move for Meta in the competitive AI landscape.
Founded in 2016, Scale AI has established itself as a critical provider of labeled and curated training data, a fundamental component in the development of advanced AI tools, including prominent models like OpenAI's ChatGPT.
This substantial investment appears poised to deliver considerable benefits to Scale AI's existing investors, which include Accel, Index Ventures, Founders Fund, and Greenoaks Capital, as well as its current and former employees.
As of late spring last year, Scale AI was valued at $13.8 billion.
The company reported approximately $870 million in revenue in 2024 and projects a substantial increase to over $2 billion this year.
Scale AI's impressive client roster already includes leading AI firms such as OpenAI and Cohere, alongside tech giants like Microsoft, Meta, and Cisco Systems.