Artificial intelligence startup Scale AI is reportedly aiming for a valuation of up to $25 billion in a potential tender offer, according to Business Insider. This move comes as the company seeks to leverage the growing demand for AI technologies.
With tech giants racing to integrate AI into their products, startups specializing in AI chips and machine learning have become key players in the private funding market. Scale AI, which was valued at nearly $14 billion in a funding round last year, is currently discussing the terms of the tender offer, though the final valuation could change.
Founded in 2016, the California-based company is backed by industry heavyweights such as Nvidia, Amazon, and Meta. Scale AI specializes in providing high-quality labeled data essential for training advanced AI models like OpenAI’s ChatGPT.
Despite its rapid growth, the company is under investigation by the U.S. Department of Labor for compliance with the Fair Labor Standards Act. As the AI sector continues to expand, Scale AI’s potential valuation reflects the surging interest and investment in artificial intelligence.
Source: Swifteradio.com
