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.

Meta Platforms Inc. is close to finalizing an investment of over $10 billion in Scale AI. According to people who know the matter, this top artificial intelligence startup provides data labeling services.