Wang has developed a much faster and more accurate algorithm.
Magazine Forbes highlighted a Alexander Wang as one of the youngest new billionaires in the world: his current fortune amounts to 1 billion dollars thanks to his work in the field of artificial intelligence.
She is a young promise of just 25 years, she is one of the founders and current CEO of Scale AI, a company based in San Francisco that is dedicated to data processing and Artificial Intelligence. In recent years she has won contracts to help theto the Air Force and the United States Army to implement this technology.
Their service is not only of interest to the government, but also to companies such as Lyft, Airbnb, General Motors and Flexport. Now, more than 300 are using scaling services, which help them simplify the mass of data and act upon it.
From a technical point of view, the Scale algorithm is capable of analyzing satellite images much faster than humans to determine, for example, the damage that Russian bombs are causing in Ukraine.
Last year, in a round of financing, he managed to pocket 325 million dollars, reaching a total value of 7.3 billion. The young man has 15% shares, which are worth a billion dollars, that being the figure that makes him the youngest billionaire.
Wang’s is another case of a genius who drops out of college to pursue and succeed. Since childhood he has proven to be a math and programming ace. He started working for Scale, a company he founded in 2016.
“He was inspired to solve machine learning (ML) infrastructure problems and accelerate AI development through his work at Quora, where he worked as a technical manager. Alex developed algorithms at Hudson River Trading and was a computer engineer at Addepar. He dropped out of the Massachusetts Institute of Technology (MIT) while studying artificial intelligence, “comments Scale AI about its founder.
His parents were physicists and worked on military projects at Los Alamos National Laboratory in New Mexico, the high security institution where the United States developed the first atomic bomb during World War II.
According to the young entrepreneur, not even his resounding success made his parents forget the disappointment caused by leaving MIT. However, his goal is to continue to grow and reach the great leagues of technology companies around the world.
“All industries are sitting on huge amounts of data,” said Wang, who appeared on the Forbes Under 30 list in 2018. “Our goal is to help them unlock the potential of data and empower their businesses with data. artificial intelligence, “he added.
The five youngest millionaires according to Forbes
- Kevin David Lehmann (19) is considered the youngest billionaire in the world. This young German is engaged in the pharmaceutical industry.
- Alexandra Andresen (25) is a young Norwegian rider and horse trainer. She is the heir, together with her sister, of the Ferd company dedicated to the tobacco industry.
- Pedro Franceschi, this 25-year-old Brazilian, founded Brex, a San Francisco-based credit card company that has become one of the most successful fintechs.
- Wang Zelong, (25) inherited a stake in CNNC Hua Yuan Titanium Dioxide Co., a company that produces titanium dioxide, a highly regarded pigment in several industries.
- Henrique Dubugras, 26 years old. He is Pedro Franceschi’s right-hand man in the financial startup Brex, founded by both of them in 2017.
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Source: Clarin
