It seems that the Scale AI startup is about to lose more agreements, not only the Google one, as Microsoft is reportedly planning to withdraw its investments. Even more so, according to some sources, OpenAI has already made the same decision to cut the partnership months ago.
Along with these industry companies, xAI is also considering the decision to end its agreement with Scale AI and shift its investments to other startups that focus on artificial intelligence.
But why are all these companies considering ending their partnership with Scale AI? Well, as some of you might know, the Scale AI startup is dedicated to providing AI data organization for different companies. Now that Meta has reportedly invested $14.3 billion for a 49% stake in the company, multiple rivals that have collaborated with Scale AI startup are now concerned over the fact that Meta possibility can access information about their business.
We must admit that this news is indeed surprising, considering the fact that Scale AI represents an important vendor for AI data.
After the recent Meta investment, the Scale AI startup was valued at $29 million, compared to the initial valuation before the deal, which was estimated at $14 billion.
Indeed, the Scale AI CEO along with a few employees from the Scale AI team have taken the decision to shift to Meta, but it seems that the startup is planning to keep all the operations running, with a focus on technology and artificial intelligence development.
When asked about these recent allegations, the Google giants declined to comment.
Stay tuned for more updates!
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