What does Scale AI, the company of the proclaimed “new Elon Musk” do?

The American Alexandr Wang has become one of the most important tycoons in the world. His company, Scale AI, has worked with brands like Uber and Toyota. Even the army of his country has made use of the services of the company of the so-called “new Elon Musk”.

Wang owns approximately 15% of Scale AI, while the rest is distributed among the investors who relied on its capabilities for technological development. This percentage, according to Forbes, is valued at US$7.3 billion in 2021, which makes the New Mexico-born the “world’s youngest self-made billionaire”, according to the prestigious magazine.

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What does Scale AI do?

The name of the company is already a clue to its work: artificial intelligence on a massive scale. The startup was confused by Wang in 2016 for help other companies by putting their information to work for AI and machine learning. That is to say, the now billionaire started Scale AI at just 19 years old, after having left his studies at the Massachusetts Institute of Technology (MIT).

“Better data leads to more effective models. Effective models lead to faster implementation. Drive value from your AI investments faster with better insights”, he points out Scale AI in his web page.

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The company is dedicated to labeling the information of other companies for better use. Through software developed by it, it has converted a sum of numbers, data and images into relevant data for corporations from all sectors. From this classification of information, which is very fast, advertising campaigns or development of new products can be carried out.

As mentioned before, Scale IA has worked with companies such as Paypal, Airbnb, Uber, Toyota and General Motors. Likewise, the United States military has used its technology to determine the damage caused by Russian bombs in the Ukraine, during the current war, for example.

Source: Elcomercio

James

I have worked as a journalist for over 10 years and have written for various news outlets. I currently work as an author at 24 News Recorder, mostly covering entertainment news. I have a keen interest in the industry and enjoy writing about the latest news and gossip. I am also a member of the National Association of Journalists.