From the Editor's Desk

Scale AI Raises $1 Billion as Megadeals Come Roaring Back

Scale AI, a San Francisco-based startup that builds technology to identify video, text and image data used in the creation of Large Language Models (LLMs), is the latest in a string of emerging companies to land investments worth $100 million or more. On Tuesday, the company announced it netted a $1 billion investment from a variety of investors including Accel, Y Combinator and Founders Fund. The capital helped catapult Scale AI's valuation to $13.8 billion.

Scale AI's CEO, Alexandr Wang, offered Fortune his assessment of the climate for Scale AI and its goals. "I think the entire industry expects that AI is only going to grow, the models are only gonna get bigger, the algorithms are only going to get more complex and, therefore, the requirements on data will continue growing--we want to make sure that we're well-capitalized.". 


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