Scale AI competitor Micro1 raising funds at $500 million valuation

Scale AI competitor Micro1 is finalising a Series A round valuing the startup at $500 million, according to two sources familiar with the matter.

Micro1 provides data labelling services to artificial intelligence labs, a sector that has grown tremendously in recent years as high-quality, human-generated datasets have become more important in training advanced AI systems. Micro1 has capitalized on this trend by building an AI-powered recruitment engine enabling AI labs to target specialized experts instead of large pools of low-wage labour.

The company…