Meta has invested $15bn into data-labelling start-up Scale AI and hired its co-founder Alexandr Wang, as part of its bid to attract talent from rivals in a fiercely competitive market.
The deal values Scale at $29bn, double its valuation last year. Scale said it would “substantially expand” its commercial relationship with Meta “to accelerate deployment of Scale’s data solutions”, without giving further details. Scale helps companies improve their artificial intelligence models by providing labelled training data.
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