Meta is discussing a multi-billion dollar investment in Scale AI, according to Bloomberg. In fact, the deal value could reportedly exceed $10 billion, making it the largest external AI investment for the Facebook parent company and one of the largest funding events ever for a private company.

Social media company Meta is reportedly engaged in talks to make a multi-billion dollar investment into Scale AI, a key player in the data labeling sector for AI models. According to a report from PYMNTS, the potential deal could exceed $10 billion, making it Facebook parent company’s most substantial external AI commitment so far.

Scale AI specialises in data labelling, a critical process that involves accurately annotating and classifying data to improve the performance and efficiency of AI systems.