By securing hundreds and millions in government defense contracts, the young man entered the big leagues.
Scale AI founder and chief executive officer Alexandr Wang has earned the title of the world’s youngest self-made billionaire at 25.
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From working with high-profile clients like Alphabet, P&G, and Uber, Wang’s startup has now entered the next level by securing $350 million in government defense contracts.
This boosted Scale AI’s valuation to $7.3 billion and Wang’s net worth to $1 billion, according to Forbes estimates.
Scale AI, of which Wang owns 15 percent, supplies artificial intelligence (AI) to enable automatic tasks like image recognition and audio transcription.
Thanks to the data platform, Wang made the Forbes 30 Under 30 Enterprise Technology list as early as 2018.
“Every industry is sitting on huge amounts of data. Our goal is to help them unlock the potential of the data and supercharge their business with AI,” Wang told Forbes.
Wang is a dropout of the Massachusetts Institute of Technology. There, he maintained a 5.0 grade point average studying coursework like advanced algorithms and graduate machine learning.
The math prodigy came from a family of physicists who worked on military weapon projects at the Los Alamos National Lab in the United States.
He foresees that AI’s role in humanity’s future will only continue to grow.
“I think the story of technology is one of exponential curves. Of everything getting faster and happening faster than anyone can imagine. We think that AI is going to change our daily lives just as much as the internet did, or even potentially more,” Wang concluded.
Banner Photo by Scale AI
