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Scale AI has landed $1 billion in new funding that values the buzzy six-year-old startup at $14 billion, placing it in an exclusive club of companies that have been able to surf the generative AI ...
The stock price of the company, which helps businesses manage their customers, jumped 11%. Marvell Technology leaped even more after delivering better results than expected, up 23.2%.
The company split its stock over the summer to lower its share price, but enthusiasm over recent earnings results sent it soaring to nearly $250. Stock price movements don't always match what's ...
In January 2022, Scale was awarded with a $249 million contract by the United States Department of Defense to Accelerate Government's AI Capabilities. [2] [1] [12] In the fall of 2022, Scale planned to enter a deal with TikTok where it would provide insights for its advertisers. Despite opposition, Wang pushed for the deal to go through as the ...
Alexandr Wang (born 1997) is the founder and CEO of Scale AI, a data annotation platform that provides training data for machine learning models. [2] [3] At age 24 in 2021, he became the youngest self-made billionaire in the world.
At the current price, the stock trades at a price-to-earnings ratio of 32. While a P/E over 30 is considered high, the company has minimal competition and a huge runway to reinvest during the next ...
(Reuters) -Scale AI said on Tuesday it had raised $1 billion in a late-stage funding round led by venture capital firm Accel with participation from tech giants Nvidia, Amazon, and Meta, valuing ...
Dan Hendrycks, AI safety advisor to Elon Musk's xAI, recently posted on his LinkedIn profile that he has taken on a similar role at Scale AI. Elon Musk’s xAI safety whisperer just became an ...