Scale AI, a data-labeling startup, has raised $1 billion in a Series F funding round, doubling its valuation to $13.8 billion. The funding round was led by Accel and included investments from major tech companies such as Amazon, Meta, Nvidia, Intel, AMD, and ServiceNow. Scale AI's annual recurring revenue is expected to reach $1.4 billion this year. The company, which helps top tech firms improve data for artificial intelligence products, reported approximately $700 million in revenue for 2023. CEO Alexander Wang stated that the company is well-positioned to advance artificial general intelligence (AGI).