Meta Platforms (META) is in discussions to potentially make a more than $10B investment in AI startup Scale AI, David Carnevali, Shirin Ghaffary, Katie Roof, and Kurt Wagner of Bloomberg reports, citing people familiar with the matter. This would make it one of the largest private company funding events of all time. The terms of the deal have not been finalized and could still be changed, the sources added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on META:
- AAPL Down 18% YTD as Apple’s AI Delays Erode Investor Confidence
- Goldman Sachs Says the Magnificent 7 Are Set to Rebound This Summer
- Meta Platforms Bets Big on Hollywood for VR Success
- How Meta Platforms’ (META) Shrewd Energy Strategy Fortifies Future Earnings
- AI Daily: WWDC to focus on redesigns as Apple lags in AI