This 26-year-old billionaire who owns a AI startup is being compared to Elon Musk

We often read and hear stories of entrepreneurs who achieved tremendous success by the sheer dint of their hard work and courage. The story of Alexandr Wang, the co-founder of Scale AI, is quite similar. Due to his unyielding determination and visionary mind, Wang scripted history by becoming the youngest self-made billionaire at the tender age of 25.

Wang’s success can be gauged from the fact that his San Francisco-based company has already inked three contracts worth up to $110 million, to help US Air Force and Army use artificial intelligence (AI) technology. A good case in point is that Scale’s cutting-edge technology is analysing satellite images much faster than human analysts in Russia-Ukraine conflict.

Ever since Wang grabbed the headlines with his impressive achievements, he is even being compared to SpaceX CEO Elon Musk. So, let us take a look at Alexandr Wang’s journey and the company that he co-founded.

The journey of a child prodigy

Alexandr Wang was a maths whiz in his childhood kid and was fond of participating in coding competitions. His parents were physicists and worked on various weapons projects for the US military.

While studying at the prestigious Massachusetts Institute of Technology (MIT), Wang became fascinated with machine learning and AI. He saw immense potential in these two technologies and wanted to explore how machine learning and AI could change the world. Wang, a trailblazer at heart, dropped out of MIT and co-founded Scale AI in 2016 at age 19.

Alexandr Wang’s Scale AI

Wang’s company essentially makes state-of-the-art AI infrastructure that other organisations employ to support their ambitious AI efforts. Scale AI has partnered with a wide range of companies, which include Samsung, General Motors and OpenAI. Scale AI is now empowering other organizations with good data in their quest to build AI.

Wang’s startup grew to unicorn status within three years, and now generates an estimated $100 million in revenue. Scale is now valued at $7.3 billion and Wang’s 15 percent stake alone is worth $1 billion.