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TechCheck

TechCheck+ Scale AI CEO Alexandr Wang 10/4/24

TechCheck

CNBC

Disruptors, Investing, Faang, Technology, Business, Management, Cnbc, Tech

4.856 Ratings

🗓️ 4 October 2024

⏱️ 19 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

Alexander Wang, CEO and founder of scale.

0:02.4

AI, it's really great to have you with us today.

0:05.6

I want to start with the latest, which is really your impressive top-line growth.

0:10.9

Scale recently hit a billion dollars in annual recurring

0:13.7

revenue and that's a quadrupling your fear is that right tell us about how you how

0:18.9

you got here yeah we're I think we see just incredible amounts of growth in the AI sector right now.

0:26.6

You know, we serve three different customer bases.

0:30.2

We work with the leading labs and the leading AI efforts in helping to produce these incredible models.

0:35.3

We were closely with large enterprises, Fortune 500 enterprises all around the world, to ensure that we're able to, they're able to

0:42.1

utilize this technology on top of their own data

0:44.4

and then work also with large governments. So we work with the US government in particular

0:49.9

to help them ensure that they're able to utilize this technology going forward.

0:53.4

As we've seen over the past few years with ChatC YPT and all the future models,

0:57.9

the technology has just continued advancing extremely quickly and we see a huge appetite for customers all over to adopt

1:07.0

this technology and be aggressively launching new products, improving their models, and integrating into their businesses.

1:16.7

So Alex, those are three sort of large and lucrative areas.

1:20.4

Our audience knows you as a darling in the Gen A space you guys raised at a $14 billion valuation,

1:25.9

but I wonder if you could explain as simply as you can in your words what scale AI does,

1:31.1

what its business model is. Yeah, so AI is built fundamentally from three pillars. It's built on compute so folks like

1:40.0

Invadia and others solving the computational problems needed for this base.

1:44.0

Algorithms, which is solved by the large labs, open AI,

1:49.0

entropic, Google Deep Mind and others.

...

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