10:56 AM EDT, 05/21/2024 (MT Newswires) -- Scale AI has closed a $1 billion funding transaction that values the company at $13.8 billion, the company announced Tuesday.

In association with the deal, the company announced new investors, including Amazon.com ( AMZN ) , Meta Platforms ( META ) , Intel ( INTC ) , Cisco Systems ( CSCO ) , and Advanced Micro Devices ( AMD ) .

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