Meta Platforms is in negotiations to invest more than $10 billion in Scale AI, an artificial intelligence firm, media reported on Sunday.
According to the article, which cited persons with knowledge of the situation, the parameters of the agreement were not yet finalized and may possibly alter.
A request for comment from Reuters outside of regular business hours was not immediately answered by Meta, while Scale AI declined to comment.
The IT behemoths Nvidia, Amazon, and Meta have sponsored Scale AI, a data labeling firm founded in 2016.
With contributors in over 9,000 cities and towns, Scale AI, which was last valued at about $14 billion, also offers a platform for researchers to share knowledge on artificial intelligence.
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