Meta is making its first major minority investment in an outside company as it tries to catch up to a growing field of artificial intelligence rivals.

Meta Platforms, Inc.s accelerates its AI strategy with a $14.3B Scale AI investment. Click for META's long-term potential and overlooked risks shaping the market.

Data-labeling firm Scale AI confirmed on Friday that it has received a "significant" investment from Meta that values the startup at $29 billion.