Bitcoin reached a new all-time high of $118,900 on Friday, surpassing its previous record of $113,822 set on Thursday. As Read more
Selling software to companies can be a daunting task, especially when it comes to meeting security requirements. Chas Ballew, founder Read more
Earlier this week, San Diego startup Gallant announced $18 million in funding to bring the first FDA-approved ready-to-use stem cell Read more
The world’s richest man buys out one of the most popular social media platforms and uses it as a propaganda Read more
Meta is reportedly in discussions to make a multibillion-dollar investment in Scale AI, as reported by Bloomberg. The deal value is said to potentially exceed $10 billion, marking it as the largest external AI investment by Facebook’s parent company and one of the largest funding events for a private company.
Scale AI, known for providing data labeling services to companies like Microsoft and OpenAI for training their AI models, relies heavily on contractors for their labeling work. Recently, the Department of Labor closed its investigation into the company regarding potential misclassification and underpayment of employees.
With $870 million in revenue last year and an expected $2 billion for this year, Scale AI is showing strong financial growth. Meta, already an investor in Scale AI’s $1 billion Series F funding round that valued the company at $13.8 billion, has also collaborated with Scale AI to develop Defense Llama, a language model tailored for military applications, built on top of Meta’s Llama 3.
