You will not find earlier. At just 25 years old, Alexandr Wang is the youngest new billionaire in the world. In the tech world, we haven’t finished hearing about him. Since 2016 and at the age of 19, the young mathematician has been spotted by Silicon Valley and the famous incubator Y Combinator for his startup Scale AI. In six years, it has grown from 3 to 600 employees, has reached 100 million dollars in revenue and weighs in at 7.3 billion dollars.
Alexandr Wang has made his startup Scale AI one of the most important artificial intelligence companies in Silicon Valley. By owning 15% of the shares according to Forbes, his fortune has just reached one billion dollars. But the most important thing for its worldwide reputation: its incredible customer portfolio. And for good reason: Alexandr Wang has made the US Air Force (the American Air Force) his client, just like General Motors, Airbnb, Samsung, Pinterest and some 300 other companies.
A giant in the shadows
Scale AI only took 3 years to become a unicorn. But how did the startup manage to make its mark so quickly? To put it simply, it has developed and gathered all the necessary tools to offer artificial intelligence solutions to companies. And few are as advanced as she is, especially in the provision of quality data and their analysis.
“Our engineers were very quick to appreciate its solutions, so we asked Scale to increase data throughput by 10 times within weeks and the company was able to support the additional throughput”can we read a testimony from a product manager at Toyota Research Institute, who works on the future of mobility on behalf of the manufacturer.
To rake wide, very wide, Scale quickly understood this. Its portfolio of more than 300 clients includes both the US Air Force and the US Army, platforms like Airbnb, manufacturers like General Motors, and fintechs like PayPal and Square. Scale also works on behalf of OpenAi, which collaborates with several startups to shape artificial intelligence in fields such as health, education and ecology.
By listing the main weak points of competing AI companies, Alexandr Wang said, in an interview, that a soft underbelly existed between Big Tech (Facebook, Google) which develop their own AI, and small companies which must use different departments and who do not have the skills to be in charge of the link between them.
“All we do at Scale is bring the deep AI expertise that has been built up at these big tech companies and make it accessible to everyone else in the community”said Alexandr Wang. For the US Army, Forbes specifies that Scale makes it possible to analyze more quickly than a human the damage caused by Russian bombs in Ukraine, in particular.
Alexandr Wang vs Elon Musk
Before launching Scale Ai at the age of 19, Alexandr Wang had another professional experience. To get to the meeting of Lucy Guo, with whom he co-founded Scale AI, the young billionaire worked on behalf of Quora. Thanks to a competition for computer developers when he was 16, he landed a full-time job coding the gigantic forum platform.
In the meantime, the young billionaire has returned to the ranks of the school to polish his skills in machine learning. He then chose MIT, in Cambridge, Massachusetts, before the opportunity for Scale presented itself to him. To Forbeshe recounted this moment with an anecdote: “I told my parents that it would be a project that would only keep me busy for the summer. […] Obviously, I never went back to school”.
The only thing in business (and life in general) I know to be truly anti-fragile (ie gains from disorder) is authenticity.@elonmusk is the master class in this.
Founders—remember this in present times and markets.
Be authentic. Focus.
— Alexandr Wang (@alexandr_wang) May 18, 2022
Elon Musk had better watch out, he who is a role model for Alexandr Wang, who recently quoted him in a tweet. The richest man on the planet began building his fortune in 2002, when his company X.com, now PayPal, was acquired by eBay. Elon Musk was then in his twenties. In 2012, according to a ranking of Forbeshe reached the fortune of 2 billion dollars.