At 25, Alexandr Wang is the youngest self-made billionaire in the world
As a child, Alex Wang was so good at math that he competed in national math and programming competitions in the United States.
At 25, he is the youngest self-made billionaire in the world, and his company uses artificial intelligence to analyze the damage done by Russian bombs to Ukraine.
Scale AI, a six-year-old San Francisco-based Wang-based company, has already signed three $ 110 million contracts to help the U.S. military develop artificial intelligence.
Scale AI, a San Francisco-based startup that specializes in helping companies label and curate data for artificial intelligence applications.
Scale AI technology works much faster than humans in satellite image analysis and has applications other than for military purposes. According to Forbes, more than 300 companies, such as Flexport and General Motors, use this technology to extract information from data such as self-driving cars or millions of documents.
“Every industry has huge amounts of data in their hands. Our goal is to help them unleash the potential of that data and boost their AI business,” Wang told Forbes.
The son of two physicists working on U.S. military weapons projects, he founded his company when he was 19 years old.
“I told my parents it was going to be something I was going to do in the summer,” he said, as he was studying at the Massachusetts Institute of Technology at the time. “Obviously I never went back to university.”
After a $ 325 million funding round, Scale AI is valued at $ 7.3 billion. Wang, who owns 15% of the company, has a fortune of $ 1 billion.