Social media giant Meta Platforms, Inc. (META) is reportedly considering plowing billions into artificial intelligence (AI) technology as the Mark Zuckerberg-led company strives to stay competitive in the red-hot space.

Meta Platforms Inc. is looking to invest billions of dollars into the artificial intelligence data labeling startup Scale AI Inc. The company is holding talks over a funding deal that could see it inject more than $10 billion into the startup, though the terms have not yet been agreed and could still change, anonymous sources told Bloomberg today.