Meta Platforms Inc. is in talks to make a multibillion-dollar investment into artificial intelligence startup Scale AI, according to people familiar with the matter.

The financing could exceed $10 billion in value, some of the people said, making it one of the largest private company funding events of all time.

The terms of the deal are not finalized and could still change, according to the people, who asked not to be identified discussing private information.

A representative for Scale did not immediately respond to requests for comment. Meta declined to comment.

Scale AI, whose customers include Microsoft Corp. and OpenAI, provides data labeling services to help companies train machine-learning models and has become a key beneficiary of the generative AI boom. The startup was last va

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