Meta buys Scale AI

I've written about some of the companies we recommend - particularly those sitting on large amounts of valuable data, that they use to build and train world-class AI technologies. It turns out that processing all that data is not easy.

Meta is in talks to buy a startup called Scale AI for a whopping $10 billion. They help businesses sort, label, and stress-test their data, which results in smarter models. Microsoft, OpenAI, the US government and Meta themselves are clients of Scale AI who are forecasting $2 billion in sales this year.

Scale AI was founded in San Francisco in 2016 by Alexandr Wang (27) and Lucy Guo (30). Lucy has a colourful past, after being fired from Scale AI she went on to found a few other tech start ups whilst becoming a social media star and notorious party girl. She apparently kept her shares in Scale AI and is now filthy rich.

Alexandr is still at the helm of Scale AI and reportedly owns 15% of the business. Good for them!