the story of the new youngest billionaire

Magazine Forbes highlighted to Alexandr Wang | as one of the youngest new billionaires in the world: his current fortune amounts to $1 billion thanks to his work in the area of ​​artificial intelligence.

He is a young promise of just 25 years old, he 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 won contracts to help theto the United States Air Force and Military 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 Scale services, which help them simplify the tangle of data and take action based on 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 financing round, he managed to get the company 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, being that the figure that makes him the youngest billionaire.

Wang’s is another case of a genius who drops out of college to undertake and succeed. Since he was little he showed to be an ace of mathematics and coding. 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 lead. Alex developed algorithms at Hudson River Trading and was a software engineer at Addepar. He dropped out of the Massachusetts Institute of Technology (MIT), while studying AI”, Scale AI reviews 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 its first atomic bomb during World War II.

According to the young entrepreneur, not even his resounding success has made his parents forget the disappointment he caused by dropping out of MIT. However, his goal is to continue growing and reach the big leagues of technology companies in 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 supercharge their businesses with AI.” , he added.

The five youngest millionaires according to Forbes

  1. Kevin David Lehmann (19) is considered to be the world’s youngest billionaire. This young German is engaged in the pharmaceutical industry.
  2. Alexandra Andresen (25) is a young Norwegian rider and horse trainer. She is heiress, along with her sister, of the Ferd company dedicated to the tobacco industry.
  3. Pedro Franceschi, this 25-year-old Brazilian, founded Brex, a San Francisco-based credit card firm that has become one of the most successful fintechs.
  4. Wang Zelong, (25) inherited a stake in CNNC Hua Yuan Titanium Dioxide Co., a company that produces titanium dioxide, a highly valued pigment in different industries.
  5. Henrique Dubugras, 26 years old. He is Pedro Franceschi’s right-hand man at the financial startup Brex, founded by the two in 2017.

By Editor

Leave a Reply