Exclusive: Former Meta and OpenAI Contractor Sama Liquidates, Citing Lawsuits
The embattled AI data annotation firm Sama is winding down its operations and liquidating its assets, according to a letter to creditors reviewed by TIME.
TL;DR
- Sama is winding down operations and liquidating assets due to declining revenues and litigation.
- The company faced class-action lawsuits in Kenya and the U.S. concerning worker exploitation and privacy.
- Sama previously provided data annotation services for Meta and OpenAI.
- Financial documents show approximately $1 million in assets and $17 million in liabilities.
- A new entity, Sama ABC, has been formed to manage the sale of assets for creditors.