Alexandr Wang is a billionaire and entrepreneur. He is the founder and CEO of Scale AI. Wang launched his startup in 2016 to assist companies in leveraging their raw data for AI and machine learning applications. Headquartered in California, Scale AI supports around 300 clients, including General Motors and Flexport, on initiatives such as autonomous driving and optimizing supply chain efficiency. Its clients also include government factions such as the United States Armed Forces.
As of May 2024, Scale AI’s market capitalization is $13.8 billion.
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Who is Alexandr Wang?
Born in 1997 in Los Alamos, New Mexico, Alexandr Wang is the world’s youngest self-made billionaire. After dropping out of MIT, he founded Scale AI at 19. It has since revolutionized the data annotation industry with its innovative approach.
He secured full-time engineering positions in Silicon Valley at the age of 17, working for fintech company Addepar. Later, he worked at the question-and-answer site Quora. At 19, after studying machine learning at MIT, Wang dropped out to join the Y Combinator Accelerator. Shortly after, he launched Scale AI.
He was listed in the “Most Influential People in AI in 2023” by Time magazine.
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Alexandr Wang’s Net Worth
As of 2024, Alexander Wang’s net worth is $2 billion. When he was 24, Wang’s net worth crossed the billion mark and became the youngest self-made billionaire in the world. He owns 15% of Scale AI, which was valued at over $7 billion by investors in 2021.
Education
Alexandr Wang attended Los Alamos High School, where he was an active member of several academic societies. He was a USA IOI Team Selection Candidate, achieved 5th place in the USA Math Talent Search, was a member of the USA Physics Team, and was invited to the USA Mathematical Olympiad Program (MOP).
After high school, he enrolled at the Massachusetts Institute of Technology (MIT), pursuing a Bachelor of Science (BS) degree in Mathematics and Computer Science. He maintained a perfect GPA of 5.0 during his time there.
Despite his academic success, Wang decided to drop out of MIT to join the Y Combinator accelerator and launch Scale AI.
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Career
Alexandr Wang began as a Software Engineer at Addepar in 2014, where he was part of the core product team. He was responsible for building and maintaining financial models and developing features for the app through both front-end and back-end engineering.
Later that year, he joined Quora as a Tech Lead, a position he held until 2016. At Quora, he led all speed projects, initiatives, and goals as part of the Infrastructure team, achieving significant improvements in site speed and developing intelligent scraper detection systems.
In 2016, Wang briefly worked as an Algorithm Developer at Hudson River Trading in the Greater New York City Area.
In June 2016, he founded Scale AI in San Francisco, California with Lucy Guo, and has been serving as its CEO ever since. Scale AI, a data platform for AI, is funded by prominent investors including Founders Fund, Accel, Index, Coatue, Thrive, Spark, Y Combinator, and notable individuals like Kevin Systrom, Mike Krieger, Adam D’Angelo, Drew Houston, Scott Belsky, Justin Kan, Nat Friedman, and Greg Brockman.
The company’s commercial sector customers include mega corporations such as Etsy, General Motors, OpenAI, PayPal, Pinterest, Samsung, Toyota, and Uber. Also, Scale AI has received defense contracts from the United States Armed Forces and has been selected by the Pentagon’s Chief Digital and Artificial Intelligence Office to test and evaluate the safety and reliability of large language models for military planning and decision-making.
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Latest Updates
In May 2024, Scale AI announced $1 billion in financing at a $13.8 billion valuation. The round was led by Accel, along with existing investors. Its existing investors, include Y Combinator, Nat Friedman, Index Ventures, Founders Fund, Coatue, Thrive Capital, Spark Capital, Tiger Global Management, Greenoaks, and Wellington Management.
Additionally, Scale AI has welcomed new investors such as Cisco Investments, DFJ Growth, NVIDIA, Intel Capital, ServiceNow Ventures, AMD Ventures, WCM, Amazon, Elad Gil, and Meta.
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FREQUENTLY ASKED QUESTIONS
Yes, Alexandar Wang is a billionaire. His net worth is $2 billion and he is the world’s youngest self-made billionaire.
Billionaire Alexandr Wang’s company is Scale AI, which is a data annotation platform. The company helps businesses leverage their raw data for artificial intelligence (AI) and machine learning applications.
