In the renowned Silicon Valley, Alexandr Wang is a person to be noted. The youngest billionaire in the world has made headlines as a fearless businessman with a goal to surpass Jeff Bezos or Elon Musk in terms of success.
Alexandr Wang is the CEO of Scale Al, the company he co-founded in 2016 when he was just 19 years old. Alexandr Wang has a net worth of over $1 billion.
Early Life
Wang, the son of Chinese immigrants who grew up on a military base in New Mexico, created a data-tagging system as a summer project that has been hailed as a phenomenon by experts in artificial intelligence. The greatness Wang has generated may be somewhat attributed to his early life and upbringing.
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His parents were physicists working on projects for the US military. The young billionaire spent his formative years close to the top-secret government facility in New Mexico known as Los Alamos National Laboratory, which is where the first nuclear weapon in history was developed.
By the age of 17, he was a full-time coder at the question-and-answer website Quora. Here, Wang first met Lucy Guo, who later joined him in founding Scale AI. Wang then made the decision to attend MIT to study machine learning.
The following year, he and Guo founded Scale after obtaining funding from Y Combinator.
Success Story
With approximately $100 million in annual revenue, Wang’s company Scale AI was valued at $7.3 billion following a $325 million fundraising round last year. According to Forbes, Wang is the youngest self-made millionaire in the world with an estimated $1 billion value of 15% ownership in his company.
Wang has already been mentioned in Forbes’ 2018 30 under 30 list before obtaining the notable title of being the world’s youngest self-made millionaire. The annual list highlights the most outstanding rising stars, entrepreneurs, thought leaders, and brilliant brains from a variety of various fields and businesses.
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Wang and Scale co-founder Lucy Guo were listed on the prestigious list under the heading of Enterprise Technologies. The scale uses robust techniques to identify raw data more quickly than human analysts. For example, its AI-based technology gathers satellite imagery of crucial geopolitical challenges for its national security clients, such as the Ukrainian War.
Additionally, it filters unfiltered data for more than 300 corporations, including General Motors, including millions of shipping papers. The scale has been collaborating extensively with the USA and Ukrainian authorities over the past few months to gain a deeper understanding of the situation in the area. This effort is enabling both governments to direct humanitarian and medical resources where they are most needed.
I am a law graduate from NLU Lucknow. I have a flair for creative writing and hence in my free time work as a freelance content writer.