US EditionScale AI seeking valuation as high as $25 billion in potential tender offer, Business Insider reports
- Scale AI, a San Francisco-based artificial intelligence startup founded in 2016 by Alexandr Wang, is reportedly in talks to launch a tender offer that could value the company as high as $25 billion.
- Scale AI's potential tender offer is driven by the booming demand for AI technology, as top tech companies race to integrate AI into their products and services, creating a surge in demand for AI startups.
- Scale AI provides high-quality labeled data, which is essential for training AI models like OpenAI's ChatGPT, and has secured a contract with the Defense Department to help the military use AI agents for operational decision-making.
- The tender offer involves investors buying shares from existing shareholders, potentially nearly doubling Scale AI's previous valuation of approximately $14 billion from its Series F funding round led by Accel last year, although the final valuation could fluctuate.
- Backed by companies like Nvidia, Amazon, and Meta, Scale AI faces scrutiny as the U.S. Department of Labor is reportedly investigating its compliance with the Fair Labor Standards Act amid its rapid growth.
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Nvidia-Backed Scale AI Reportedly Eyes $25 Billion Valuation In Tender Offer Amid Explosive Demand For Labeled Data And Machine Learning Tools - Meta Platforms (NASDAQ:META), Amazon.com (NASDAQ:AMZN)
Scale AI, backed by tech giants like Nvidia, Amazon, and Meta, is reportedly targeting a $25 billion valuation in a new tender offer, nearly doubling its previous valuation as demand for labeled data and AI infrastructure soars—despite facing a federal labor investigation.
Scale AI seeking valuation as high as $25 billion in potential tender offer, Business Insider reports
(Reuters) – Artificial intelligence startup Scale AI is seeking a valuation as high as $25 billion in a potential tender offer as it looks to capitalize on the booming demand for the technology, Business Insider reported on Friday, citing multiple sources. Top tech companies are racing to build AI into their products and services. Startups catering to the surge in demand for AI chips and machine learning have been a bright spot in the private fu…
Business Insider
The New York LedgerScale AI is seeking a valuation as high as $25 billion in potential tender offer, according to sources
Scale AI cofounder and CEO Alexandr Wang.Scale AIScale AI has become increasingly in demand as companies need to label and sort data to train AI models.The company is seeking a valuation as high as $25 billion in a potential tender offer, according to sources.A spokesman for ScaleAI declined to comment.Startup Scale AI is seeking a valuation as high as $25 billion in a potential tender offer as it seeks to capitalize on investors' voracious dema…
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