By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
TechziTechziTechzi
  • Home
  • Community
    • Our Review
    • Join Our Slack community
    • Referral: Richieee
    • Referral: 6 for 6
  • Publications
    • Special Report: SE Asian Startup Funding
    • Top 30 Most Funded Southeast Asia Startups
  • Agencies
  • About
    • About us
    • Contact
Search
© 2023 Techzi . All Rights Reserved.
Reading: Scale AI Scores $1B to Fuel AI Data Foundry Dreams
Share
Font ResizerAa
TechziTechzi
Font ResizerAa
Search
  • Home
  • Community
    • Our Review
    • Join Our Slack community
    • Referral: Richieee
    • Referral: 6 for 6
  • Publications
    • Special Report: SE Asian Startup Funding
    • Top 30 Most Funded Southeast Asia Startups
  • Agencies
  • About
    • About us
    • Contact
Have an existing account? Sign In
Follow US
© 2023 Techzi . All Rights Reserved.
AI

Scale AI Scores $1B to Fuel AI Data Foundry Dreams

Nicole Kristine Jovero
Last updated: May 27, 2024 2:34 am
Nicole Kristine Jovero
Share
2 Min Read
SHARE
  • Scale AI raised $1B at $14B valuation from Amazon, Meta, Nvidia.
  • The data annotator assists AI clients like OpenAI with data curation.
  • It aims for “data abundance” to power advanced language models.

Contents
Billion-dollar baby levels upData annotators become goal scorers

Scale AI, a pioneering AI data foundry services firm, has secured a staggering $1 billion in a series F funding round, propelling its valuation to nearly $14 billion.

This massive influx of capital comes from heavyweight backers like Amazon, Meta, Nvidia, Y Combinator, Founders Fund, and Intel Capital.

Billion-dollar baby levels up

Scale AI’s platform serves as a foundry for the entire AI lifecycle, assisting clients like OpenAI, Toyota, and even the US Department of Defense in collecting, curating, and annotating data – a crucial process for developing successful AI models.

Since its inception in 2016, the San Francisco-based company has collaborated with tech giants such as Microsoft, Meta, and Anthropic, integrating its technology into AI offerings across various industries, including ecommerce, retail, marketing, and legal.

Data annotators become goal scorers

Our vision is one of data abundance, where we have the means of production to continue scaling frontier large language models many more orders of magnitude.

We should not be data-constrained in getting to GPT-10,” said Alexandr Wang, CEO and founder of Scale AI.

The series F funds will be directed towards enhancing Scale AI’s model analysis work with enterprise clients, supporting the US Department of Defense, and bolstering the firm’s role in the DEFCON 31 red-teaming event.

To read the original article: https://www.techinasia.com/nvidia-meta-1b-round-data-annotation-scale-ai

TAGGED:div5

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook X Copy Link Print
Share
Previous Article Pinduoduo’s Q1 Roars with Revenue Surge, Profit Climb
Next Article Anduril Founder: AI Could Have Prevented Putin’s Ukraine Invasion

Subscribe to our newsletter to get our newest articles instantly

Please enable JavaScript in your browser to complete this form.
=

Stay Connected

XFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow

Latest News

Techzi is Pausing
Media December 24, 2024
Twitch Pioneer Emmett Shear Launches Mysterious AI Venture
AI December 24, 2024
OpenAI CEO Labels Musk a ‘Bully’ in Latest Tech Titan Clash
AI December 24, 2024
AI Revolution Could Spark Live Entertainment Boom
Culture December 24, 2024

You Might also Like

AI

NY Times Sues OpenAI and Microsoft for Using Articles to Train AI

February 17, 2024
Space

SpaceX Nails Starship Booster Catch in Historic Test Flight

October 17, 2024
AI

DeepMind Founder Convinced Musk AI Could Doom Mars Colonists

February 17, 2024
AI

Microsoft Goes Nuclear to Fuel AI Ambitions

September 30, 2024
Strategy

Anthony Vicino Stole These Principles from Nike

February 12, 2024
MobilityVC

Ola Electric Aims for $662 Million in Upcoming IPO

February 12, 2024
AI

Open Source vs. Proprietary AI Models

June 27, 2024
Social Media

TikTok Takes on Messaging Giants with New Group Chat Feature

August 19, 2024
Startups

Atome Secures $31 Million Capital Injection from Parent Firm

February 12, 2024
AI

Turn Your iPhone into a ChatGPT Assistant with a New Action Button

February 17, 2024
Mobility

Why Fun, Affordable Models Have This Chinese EV Maker Nipping at Tesla’s Heels

February 12, 2024
Mobility

inDrive Gears Up to Disrupt Philippines Ride-Hailing Market

February 12, 2024

Techzi

SE Asian tech news: Free & Comprehensive. Read more

Quick Links

  • Logistics
  • Marketplace
  • Mobility
  • Startups
  • VC
  • Food tech
  • Gaming
  • Health-Tech
  • Media
  • Social Media
  • SaaS
  • Travel

Quick Links

  • AI
  • Edutech
  • Climate
  • Creators
  • Crypto & Web3
  • Culture
  • Deep Tech
  • e-Commerce
  • FAANG
  • Fashion
  • Fintech

Techzi Tech Newsletter

FREE and Curated by Tech Insiders

Legal

Privacy Policy

Terms & conditions

TechziTechzi
Follow US
© 2024 Techzi . All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?