Tech giants, VC firms pump $1B into ML data dealer Scale AI
Briefly

Scale AI, known for providing the data to train AI models, secured $1 billion in funding from top firms like Nvidia, Amazon, and Meta, raising its valuation to nearly $14 billion.
Operating as a 'data foundry,' Scale has powered major models like GPT-2, InstructGPT, and those used by the US Department of Defense, emphasizing the importance of massive labeled data.
The issue of sourcing data for AI models has led to legal challenges over copyright infringement, as models like GPT-2 and others require vast amounts of data to function effectively.
Scale CEO, Alexandr Wang, highlighted the exponentially growing need for data as AI models scale up, questioning the sustainability of data availability for further advancements in AI technology.
Read at Theregister
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