Meta is negotiating a potential $10 billion investment in Scale AI, according to Bloomberg

Bloomberg News said on Sunday that Meta Platforms (META.O), which has opened a new tab, is in negotiations to invest more than $10 billion in the artificial intelligence firm Scale AI.

Citing sources with knowledge of the situation, the report stated that the parameters of the agreement were not yet finalized and could possibly alter.

When Reuters asked for comment outside of regular business hours, Scale AI declined to comment and Meta did not immediately reply.

Tech behemoths Nvidia (NVDA.O), Amazon (AMZN.O), opens new tab, and Meta support Scale AI, a data labeling business founded in 2016.

Scale AI, which was last valued at about $14 billion, offers a platform for researchers to share knowledge about artificial intelligence. Contributors are located in over 9,000 cities and towns.