Scale AI Valued at Nearly $14B With Amazon Funding

Scale AI, a startup that helps top tech companies improve the data used to build artificial intelligence products, has roughly doubled its valuation to $13.8 billion and is raising $1 billion in one of the largest financing deals of the year. Scale AI CEO Alexandr Wang joins Ed Ludlow and Caroline Hyde on "Bloomberg Technology."
Sign up for the Tech Daily newsletter to get exclusive reporting and analysis on tech and AI.
bloom.bg/3WJkqBe
--------
Like this video? Subscribe to Bloomberg Technology on KZbin:
/ @bloombergtechnology

Watch the latest full episodes of "Bloomberg Technology" with Caroline Hyde and Ed Ludlow here:
• Bloomberg Technology W...

Get the latest in tech from Silicon Valley and around the world here:
www.bloomberg.com/technology
Connect with us on...
X: / technology
Facebook: / bloombergtechnology
Instagram: / bloombergbusiness

Follow Ed Ludlow on X here: / edludlow
Follow Caroline Hyde on X here: / carolinehydetv

Listen to the daily Bloomberg Technology podcast here:
www.bloomberg.com/podcasts/se...

More from Bloomberg Business
Connect with us on...
X: / business
Facebook: / bloombergbusiness
Instagram: / bloombergbusiness
LinkedIn: / bloomberg-news
TikTok: / bloombergbusiness

[@hjtechguy]

Lol I work in Silicon Valley. I know this company very well, I've visited their office since my friends used to work there. My previous companies received funding from same VCs. This company is a sweatshop data labeling company where they paid 20 bucks per hour to annotators whom I've met. There is no AI. They first spent all their energy having annotators label google images to sell to ride sharing companies for their AI division before these customers churned and burned. The company is literally run by 20-30 year old management who literally have boba nights and super smash brothers game night for their employees. This company is the ultimate pinnacle of sillcon valley AI charade. This guy just rode the wave of VC AI craze before the eventual tech meltdown. It's no coincidence Scale raised 3 rounds of funding in 3 years to reach sudden 1 billion valuation to get all the marketing hype.

[@vallmak]

sure lets listen to a random commenter on youtube

[@thestockfother]

​@@vallmak why would he lie?

[@unityman3133]

@@vallmak lot of dip shits think they gonna cause an AI crash by spouting bull shit on youtube.

[@Gerrardstrike]

I can actually see this being true. Especially the Boba nights 😂

[@drakehooks]

@@vallmak it is true. They got in trouble for data labeling sweatshop and had to spin off. Its called Remotasks now.

[@MarcusSanatan]

Refused the answer the question about underpaying workers in the global south...

[@afriendofsammy]

classic ceo

[@letsdostuff5864]

Bruh just dodged the question by answering a different one.

[@notKhalid]

lol, he's just the front for the actual profit makers of the work, the mega corps

[@fupopanda]

@@notKhalid No, he is not the front. He founded this company and is currently the biggest shareholder.

[@rafae5902]

Yep, totally. And to be honest, it's a stupid question. The clothes they were wearing surely were made by people earning terrible salaries, but they are still wearing them. Hypocrites, all of them.

[@recursion.]

It's a data labelling outsourcing company, why does everyone talk like they've made some profound hardware or software? Can someone care to explain if I'm missing anything?

[@ainanirina758]

3 points: They are more than that, they are the best at create the infrastructure to collect the data and they were the amongst the first to do it on a large scale That's it

[@ainanirina758]

*at creating

[@karatsurba4791]

I feel the same. It's a glorified data labelling company.

[@marvinmeng7213]

Stories from people online who know the company / CEO personally give a not great view of it. Seems very toxic, "house-of-cards" kind of business model, gives me very Theranos vibes

[@kesun32145]

Seems like another hype train to suck in people to invest into the AI bubble at insane valuations.

[@PeterParker-wj3cr]

If Allen Iverson wanted to start a business. Now would be the best time for him to go public! AI is trending!...lol

[@wizaaeed]

Bro ain't got no clients nor profits, but his company valued at 14B, welcome to the biggest scammer capitalist world, where people seek investment, flip their company for 2-3B then make courses on how they got so successful

[@lequestrgames]

we should start a company together im building an app

[@tonyantonio8956]

Plot is ready for an AI heist.

[@erichshan7964]

he did not even try to address the point of underpaying labelers

[@lightichigo]

bro bag maxxed now started look maxxing 😂

[@woodsriley464]

Hit 10k today. I'm really grateful for all the knowledge and nuggets you had thrown my way over the last months.🗺

[@damnang2]

Insightful!

[@dreamphoenix]

Thank you.

[@02nupe]

good interview

[@aanandrajpara8584]

The reason I got revux is because I believe decentralization is more important than anything else.

[@UltimatePokeGamer7]

Go public fella! I want to research your financials and potentially buy shares!

[@Gerrardstrike]

He didn't even answer her question. Her question was good.

[@arshiailaty]

Impressive

[@zaralin9825]

Why can't they build an AI which can facilitate data labelling tasks and use fewer people to get the task done?

[@Mari_Selalu_Berbuat_Kebaikan]

Let's always do alot of good ❤️

[@deeplearningpartnership]

Nice.

[@sagartete1980]

Forget the rest, Revux is where it's at. Potential moonshot!

[@pjb111]

Bubble

[@danielyang3995]

This guy looks smart,like him😁

[@rathvarajesh3883]

Excited to see how Revux will disrupt the payment industry. Huge potential, and still in presale phase!

[@Up_gamer_55]

FOMO kicking in as Revux partners with more and more merchants. Bullish!

[@jaskaransingh-cb1fz]

Every new partnership announcement gets me more excited about Revux!

[@LeahLewis-ny9iu]

With around $250k to invest, what's your advice on entering the market? I'm considering replicating the strategies of experts instead of investing independently to avoid both financial losses and emotional stress. What are your thoughts on this approach?

[@AshleyKeith-vw7ws]

Consider diversifying your portfolio with a mix of stocks and stable assets. Seeking professional advice now could provide valuable insights and strategies to navigate market uncertainties and protect your investments.

[@ScottLarrry]

This is an insightful perspective to consider.

[@HRMColoniallifeinsurance]

Agreed, my portfolio is well matched for every market season, yielding 60% from early last year till date. I and my advisor are working on a 7-figure ballpark.

[@MelissaHobbs-qm8wi]

Your financial advisor must be really good, Wehrine. I hope it's okay to inquire if you're still working with the same advisor and how can I get in touch with them?

[@HRMColoniallifeinsurance]

That would be Desiree Ruth Hoffman.

[@hana_moon]

amazon is not dumb.

[@band1t9999]

His name 'Alexandr' sounds just like a startup with the ending 'dr'

[@sternymadeit]

It goes with the brand

[@3qlw4utho3p4ht]

This dude is insanely smart and so mature for his age. While his peers are recording tik tok vidoes, he's one of the leading figures in AI. He speaks like he has 20-30 years of wisdom. He has potentially to become bigger than Musk.

[@noivongxoang235]

Why didn't he graduated from MIT, it's not like he didn't have time

[@calicoesblue4703]

Musk is a moron🤦

[@ainanirina758]

@@noivongxoang235He didn't have time, and he had the opportunity to the few he had because he had the chance to have an innovative idea at the time

[@toast_dev]

Bro you act like he doesn't do any of the normal 20+ year old activities. He definitely goes out just like the rest but manages he time like a maniac

[@openthinker1251]

He’s like 34 years old man

[@nourishcherish9593]

bro looks 20 year old

[@ainanirina758]

He is 22 yo

[@ryanm1061]

@@ainanirina75827

[@brendanfay2017]

@@ainanirina758 lol he is 27

[@FLORIDIANMILLIONAIRE]

Problem is where to get all this data ? Is amazon gonna violate all tje privacy laws ? I ain't giving shit to AI and for what ? To make future robot overlords that will rule mankind forever ?

[@dukerobert7283]

Boiiiiiiiiii I Luv yu

[@ShehanDyonisius]

AI = Apple Intelligence

[@BigDataLogin]

C00L

[@abhijeetdey]

Looks like another AI scammer

[@YBRL007]

🎧🍿

[@julienblanchon6082]

Scale AI is not AI

[@rock3tcatU233]

More vague BS.

[@Jeff-oc7mi]

So this is the next guy going to jail i see im starting to finally see it thanks coffezilla has awoken me