Sunday, June 05, 2022

Newest tech billionaire is 25 years old

Asian-American 25-year old Alexander Wang is the newest, and youngest ever, self-made billionaire.

Wang is the founder and part owner of Scale AI, a company that helps other businesses with the data preparation needed to train their AI systems. Its customers include General Motors, Toyota, PayPal, SAP, Lyft and the US miltary, and involve activities from self-driving cars and mapping to robotics and virtual reality and military applications.

In true billionaire fashion, Wang, whose parents are both physicists for the American military, dropped out of Massachussetts Institute of Technology (MIT) to pursue Scale AI full-time, after he started it with his friend (and fellow tech prodigy) Lucy Guo as a summer project. The company is now worth around US$7.3 billion, and has revenue of $100 million a year.

Does that make you feel as inadequate it does me?

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