Meta is discussing a multi-billion dollar investment in Scale AI, according to Bloomberg. In fact, the deal value could reportedly exceed $10 billion, making it the largest external AI investment for the Facebook parent company and one of the largest funding events ever for a private company.

Meta Platforms Inc. is looking to invest billions of dollars into the artificial intelligence data labeling startup Scale AI Inc. The company is holding talks over a funding deal that could see it inject more than $10 billion into the startup, though the terms have not yet been agreed and could still change, anonymous sources told Bloomberg today.

Meta is in talks to make an investment that could exceed $10 billion in artificial intelligence startup Scale AI, Bloomberg News reported on Sunday. The terms of the deal were not yet finalized and could still change, the report said, citing people familiar with the matter.