Meta Platforms is buying big into AI startup Scale AI with a $14.8 billion deal for a 49% stake, according to The Information. The deal was confirmed Tuesday, sourced from people close to the matter.
Scale AI specializes in building data infrastructure for artificial intelligence. Meta’s move signals a hefty push to boost its AI capabilities through strategic investment.
The deal’s size underscores how critical AI data tools have become for major tech players like Meta.
Meta has not publicly commented on the acquisition details yet. The two companies are expected to collaborate closely on AI systems following the deal.
