June 8 (Reuters) - Meta Platforms ( META ) is in talks
to make an investment that could exceed $10 billion in
artificial intelligence startup Scale AI, Bloomberg News
reported on Sunday.
The terms of the deal were not yet finalized and could still
change, the report said, citing people familiar with the matter.
Scale AI declined to comment and Meta did not immediately
respond to Reuters request for comment outside regular business
hours.
Founded in 2016, Scale AI is a data labeling startup backed
by tech giants Nvidia ( NVDA ), Amazon ( AMZN ) and Meta.
Last valued at nearly $14 billion, Scale AI also provides a
platform for researchers to exchange AI-related information,
with contributors in more than 9,000 cities and towns.