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Meta invests $15bn in Scale AI, doubling start-up’s valuation

The deal values the data-labelling company at $29bn
Mark Zuckerberg and Alexandr Wang, Scale AI cofounder

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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