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Meta Eyes Over $10 Billion Investment in Scale AI, Marking Its Largest AI Bet and Defense Tech Partnership
Business Bytes
·
2m ago
Medial
Meta is reportedly planning to invest over $10 billion in Scale AI, marking its largest commitment in the artificial intelligence sector to date. This move underscores Meta’s growing interest in enhancing its capabilities in AI, aligning with industry-wide trends of substantial investments in AI technology. Such investments typically aim to bolster technology infrastructure, improve service offerings, and maintain competitive advantage in the increasingly AI-driven landscape of modern technology and business environments.
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Meta reportedly in talks to invest billions of dollars in Scale AI | TechCrunch
TechCrunch
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2m ago
Medial
Meta is reportedly in talks to invest over $10 billion in Scale AI, marking one of the largest AI funding events for a private company. Scale AI, which provides data labeling services to firms like Microsoft and OpenAI, saw significant revenue growth, from $870 million last year to an anticipated $2 billion this year. Previously, Meta participated in Scale AI's $1 billion Series F funding. Scale AI also developed Defense Llama, a military-focused language model using Meta’s Llama 3.
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Early investors await Meta-Scale deal windfall: Report
Economic Times
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2m ago
Medial
Meta intends to invest $15 billion in Scale AI, marking its largest external AI investment. This move could yield significant returns for early investors like Peter Thiel’s Founders Fund and Chase Coleman’s Tiger Global. Meta is expected to acquire a 49% stake in Scale, aiming to boost its AI talent pool by integrating Scale's expertise. Existing shareholders will retain shares, while the funds will pay dividends. Accel and Tiger Global previously benefited from Facebook investments.
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Startup news and updates: Daily roundup (June 9, 2025)
YourStory
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2m ago
Medial
YourStory's daily roundup highlights key developments: Fraxus3D uses AI to revolutionize 3D modeling and printing for industries, while Meta considers a $10B investment in Scale AI, marking a significant tech funding deal. Roomstory.ai secures Rs 3 crore for its AI shopping assistant, and ETO Motors partners with Cashurdrive for sustainable marketing. Additionally, Namma Yatri collaborates with Covrzy for driver health coverage, and Meritto launches AI-enhanced educational tools for improved institutional outcomes.
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Google, Scale AI's largest customer, plans split after Meta deal
Economic Times
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2m ago
Medial
Google plans to end its relationship with Scale AI, its largest customer, due to Meta acquiring a 49% stake in Scale AI. This decision comes as Google, wanting to protect its AI development data, seeks alternatives for data-labeling services. Other AI companies, like Microsoft and xAI, are also distancing themselves from Scale AI for similar reasons. The Meta-Scale deal raises concerns over neutrality and proprietary data security, opening opportunities for Scale AI's competitors.
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Scale AI CEO stresses startup’s independence after Meta deal - The Economic Times
Economic Times
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1m ago
Medial
Scale AI's new leader, Jason Droege, affirms independence from Meta after a significant investment. Meta will not receive preferential treatment. Former CEO Alexandr Wang joined Meta. Scale AI is expanding its application business beyond data labeling. The company aims to work with various AI models. Scale AI navigates a changing market with growing competition.
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Nvidia backs little-known upstart in India’s biggest AI bet yet
Economic Times
·
1y ago
Medial
Yotta Data Services, an Indian startup, is placing a big bet on artificial intelligence (AI) by offering high-performance computing capabilities from data centers in India. The company is set to feature at Nvidia's developer conference in California, marking India's largest AI investment yet. Yotta aims to provide affordable access to Nvidia's AI chips and develop India-built AI models to cater to the growing demand in the country. With the global AI market projected to reach over $2 trillion by 2032, Yotta's move indicates the immense potential for AI outside of the US.
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Space startups funding continues to recover as investors bet on government spending
Economic Times
·
1y ago
Medial
Global investments in space startups reached $2.41 billion in Q2, marking three consecutive quarters of growth, according to Seraphim Space. While investments in Europe remained flat, North America saw a decrease of around 50%. However, it is too early to determine whether this suggests a weak 2024 or a bumpy recovery. The largest Chinese space tech deal to date, a $943 million investment in Shanghai Spacecom Satellite Technology, contributed to the strong quarter, indicating a growing determination among Chinese investors to rival US capabilities in space. Overall, the space investment market is predicted to continue growing in 2025.
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Meta finalises Scale AI deal, valuing startup at $29 billion; recruits its CEO for 'superintelligence' team
Economic Times
·
2m ago
Medial
Meta Platforms has invested in Scale AI, valuing the startup at over $29 billion. The investment amounts to $14.3 billion, and Scale AI’s CEO, Alexandr Wang, will join a new Meta unit focused on artificial general intelligence (AGI). The move is part of Meta CEO Mark Zuckerberg’s plan to leverage Wang's business acumen to advance Meta's AI initiatives. Scale AI, founded in 2016, provides essential data labeling services for AI model training.
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Scale AI valued at $14 billion in Nvidia, Amazon-backed funding round
Economic Times
·
1y ago
Medial
AI data startup Scale AI has raised $1 billion in a funding round led by Accel with participation from Nvidia, Amazon, and Meta. This funding values the company at almost $14 billion. Scale AI offers accurately labeled data to train AI models and assists companies like Microsoft and Morgan Stanley in creating and refining datasets. The funding will be used to enhance its data capabilities with enterprise customers, collaborate with the U.S. Department of Defense, and participate in the DEFCON 31 red-teaming event announced by the White House.
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Palantir, Anduril join forces with tech groups to bid for Pentagon contracts: reports
Economic Times
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8m ago
Medial
Data analytics firm Palantir Technologies and defense tech company Anduril Industries are reportedly in discussions with around a dozen competitors to establish a consortium for joint bidding on U.S. government projects. The consortium may include companies such as SpaceX, OpenAI, Saronic, and Scale AI. By collaborating, these Silicon Valley companies aim to provide the government with more efficient and advanced defense capabilities. The initiative comes as part of President-elect Donald Trump's plan to boost government efficiency, which could lead to further collaborations between major defense contractors and smaller tech firms.
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