Facebook parent company Meta PlatformsMETA is in talks to make a multi-billion investment in the startup Scale AI, according to a Bloomberg report. Meta stock was trading flat Monday, hovering above a buy zone from a recent breakout.

Scale AI, whose customers include Microsoft and OpenAI, provides data labelling services to help companies train machine-learning models.

Three months after the Chinese artificial intelligence developer DeepSeek upended the tech world with a model that rivaled America’s best, a 28-year-old AI executive named Alexandr Wang came to Capitol Hill to tell policymakers what they needed to do to maintain US dominance.