Scale AI investor pitch highlights customer losses and questions after Meta deal

A pitch to investors for Scale AI-related SPVs presents the company as a provider of software used to train major AI models, claiming that about 90% of the world’s leading generative AI models use it. The excerpt gives no terms for the SPVs or outcome of the offer. It also says Meta put $14 billion into Scale AI a few months earlier, despite Meta’s substantial spending needs for data centers and its own AI system.

Scale’s remaining business is described as still generating revenue and doing deals, while substantial talent went to Meta and the founder was leaving. The pitch discussion says Scale lost many customers after the deal, with some concerned about an exclusive relationship with Meta. Early investors received a dividend but still own shares. Describing the deal as regulatory arbitrage, and suggesting remaining shareholders may see little future for Scale, are opinions rather than established outcomes.