Amazon, Meta back Scale AI in $1 billion funding deal that values firm at $14 billion

Scale AI has raised $1 billion in a Series F funding round that values the enterprise tech company at $13.8 billion — almost double its last reported valuation.Its latest funding round was led by Accel, and includes Nvidia, Cisco, Intel, ServiceNow, and AMD, among others.

Scale AI is playing a key role in the rise of generative artificial intelligence and large language models, with the data — whether it is text, images, video or voice recordings — needing to be labeled correctly before it can be digested and used effectively by AI technology.

In May, Scale AI launched Donovan, an AI-powered decision-making platform that is the first LLM deployed to a U.S. government classified network.

Source: News Formal (newsformal.com)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ethereum (ETH) Contract Holdings Hit Record $14 BillionThis surge comes as Ethereum's price spikes 18% amid speculation of imminent spot ETF approvals
Source: Utoday_en - 🏆 295. / 63 Read more »

These ‘Perfect’ Joggers Are on Sale for Just $14Joggers never go out of style. Read on for more about the joggers shoppers say are the most comfortable ones they've ever purchased.
Source: usweekly - 🏆 390. / 55 Read more »

Former UCLA Doctor Receives $14 Million in Gender Discrimination RetrialThe oncologist claims she was harassed and treated differently than her male peers for years, but her concerns were not taken seriously.
Source: Medscape - 🏆 386. / 55 Read more »

15 Fun Spring and Summer Fashion Finds — Starting at $14Spring is here, which means summer is not too far behind — we rounded up 15 fun spring and summer fashion finds starting at just $14!
Source: usweekly - 🏆 390. / 55 Read more »

This low-alcohol $14 malbec is lighter in calories but big on flavorPlus, a crisp pinot grigio and a Napa Valley riesling for this week’s sips.
Source: washingtonpost - 🏆 95. / 72 Read more »

Get Chelsea Handler’s Green Dress Style for Just $14Act fast to channel Chelsea Handler's green dress look for under $15 with this Amazon pick — find out more
Source: usweekly - 🏆 390. / 55 Read more »