Meta plans to invest $15bn in Scale AI in bid to catch up to rivals
Deal would be one of the biggest of its kind and give Facebook parent a 49% stake in the start-up
Deal would be one of the biggest of its kind and give Facebook parent a 49% stake in the start-up

The deal values the data-labelling company at $29bn

Partnership with Midjourney marks shift away from internal product development

How much AI is the market willing to finance?

New revenue lines, debt partnerships and further fundraising targeted to cover enormous costs

Interest in AI and defence tech start-ups has boosted investor activity after a prolonged slowdown

Meta has splashed out on star hires and infrastructure as it tries to make up ground in the artificial intelligence race