Meta invests $15bn in Scale AI, doubling start-up’s valuation
The deal values the data-labelling company at $29bn
The deal values the data-labelling company at $29bn

Deal would be one of the biggest of its kind and give Facebook parent a 49% stake in the start-up

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

Six-month-old secretive AI start-up in one of the largest initial funding rounds in Silicon Valley’s history

Start-up behind Claude tool is fielding inbound investment offers that could lead to it surpassing rival OpenAI in value

Partnership with Midjourney marks shift away from internal product development

Listing closely watched by Silicon Valley venture capitalists looking to realise more start-up investments