Meta is discussing a multi-billion dollar investment in Scale AI, according to Bloomberg. In fact, the deal value could reportedly exceed $10 billion, making it the largest external AI investment for the Facebook parent company and one of the largest funding events ever for a private company.

Meta Platforms ( NASDAQ: META) is in advanced discussions to invest potentially more than $10 billion into artificial intelligence startup Scale AI, Bloomberg News reported Sunday, citing people familiar with the talks. If completed, the deal would rank among the largest private funding rounds in history.