Scale AI hits $870M revenue but faces uncertainty after OpenAI exit

Despite generating $870 million in 2024, Scale AI's future is clouded by OpenAI's departure, which disrupts the $29.2 billion data-labeling market and raises critical questions about vendor neutrality and AI data governance.

Sources:
The Bridge ChronicleComputerworld
Updated 2h ago
Section 1 background
The Headline

Meta invests billions in Scale AI; OpenAI exits

Key Facts
  • Meta invested $14–15 billion for a 49% stake in Scale AI, a data-labeling startup, and appointed Scale’s founder Alexandr Wang to lead a new “superintelligence” team at Meta.The Bridge Chronicle
  • OpenAI ended its long-standing partnership with Scale AI, the company behind complex data-labeling tasks for models like GPT-4, following Meta’s investment.Computerworld
  • Scale AI’s valuation reached $29 billion, highlighting intense competition for data infrastructure and elite talent in the AI sector.
  • Scale AI reported $870 million in revenue for 2024 but faces uncertainty about its future after OpenAI’s exit and with major clients like Google spending $150 million last year.Computerworld
OpenAI has ended its long-standing partnership with Scale AI, the company that powered some of the most complex data-labeling tasks behind frontier models such as GPT-4.
Computerworld
Computerworld
Scale, which began as a data-labeling pioneer built on a global contractor base in countries like India and Venezuela, reported $870 million in revenue for 2024.
Computerworld
Computerworld
Key Stats at a Glance
Meta's investment in Scale AI
$14–15 billion
The Bridge Chronicle
Meta's ownership stake in Scale AI
49%
The Bridge Chronicle
Scale AI's 2024 revenue
$870 million
Computerworld
Google's spending on Scale AI last year
$150 million
Computerworld
Section 2 background
Background Context

Meta’s talent poaching and OpenAI’s industry impact

Key Facts
  • Meta offered $100 million signing bonuses and promises of even larger annual compensation to poach OpenAI’s top talent.The Bridge Chronicle
  • Despite these offers, Sam Altman stated that none of OpenAI’s best people accepted Meta’s offers, attributing this to loyalty to OpenAI’s culture, mission, and belief in advancing superintelligence.The Bridge Chronicle
  • OpenAI’s exit from Scale AI is expected to disrupt the $29.2 billion data-labeling industry by 2032.Computerworld
Key Stats at a Glance
Meta's signing bonuses to poach talent
$100 million
The Bridge Chronicle
Article not found
⌂ CuriousCats.ai

Article

‹

Source Citations