Data-labeling firm Scale AI confirmed on Friday that it has received a "significant" investment from Meta that values the startup at $29 billion.

Alexandr Wang dropped out of MIT to co-found Scale and was quickly lauded as one of Silicon Valley's most promising entrepreneurs, raising funding from blue-chip venture capital firms and achieving billionaire status in his 20s.

A handful of venture capital firms are set to see huge returns from their early bets on Scale AI, following Meta Platforms Inc.’s $14.3 billion mega investment in the artificial intelligence startup.

Founded in 2016, Scale AI is a data labeling startup backed by tech giants Nvidia, Amazon and Meta. Last valued at nearly $14 billion, Scale AI also provides a platform for researchers to exchange ...

Backed by companies like Nvidia Corp. NVDA, Amazon.com Inc. AMZN, and Meta Platforms Inc. META, Scale AI is reportedly seeking a valuation of up to $25 billion in a new tender offer. What Happened ...

Hayden Field is The Verge’s senior AI reporter. An AI beat reporter for more than five years, her work has also appeared in CNBC, MIT Technology Review, Wired UK, and other outlets. AGI is the ...

Meta Platforms is reportedly considering a more than $10 billion investment in artificial intelligence startup Scale AI. The deal is still in talks and could potentially change, Bloomberg News ...