Why Defense Contractor Scale AI Quietly Scrapped Deal With Chinese-Owned TikTok
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Forbes
4.8 • 6 Ratings
🗓️ 11 February 2024
⏱️ 16 minutes
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| 0:00.0 | Hi everyone I'm David Jeans I'm a senior writer at Forbes on the tech team |
| 0:06.8 | cover AI National Security and Defense. I am joined in from San Francisco, Kenrick Kai, he's senior reporter on the |
| 0:17.2 | tech team as well and we're going to talk today about a story we published just |
| 0:21.4 | recently about major AI company called |
| 0:25.1 | Scale AI. They've raised, you know, they're valued more than 7 billion dollars and |
| 0:30.4 | they've been receiving a lot of hype and interest recently about some of the work they're doing. |
| 0:37.0 | But together we sort of took a look at what the company's been doing in the federal space and trying to work with the US government. |
| 0:45.2 | So I think it would be great to hear from you, Ken Rick, on how we first became interested |
| 0:50.9 | in scale and from the you know from |
| 0:54.0 | from from there we can you know sort of talk more about why |
| 0:58.0 | they decided to target you know |
| 1:00.0 | contracts and and generate revenue from the U.S. government. |
| 1:05.0 | Yeah, absolutely. Thanks David. |
| 1:07.0 | So, I've been keeping an eye on scale for a couple years now and we put the CEO Alexander Wang on our magazine cover last year |
| 1:17.0 | because scale has emerged in the last couple years as one of the most vocal and high profile startups building in the artificial |
| 1:26.9 | intelligence space. CEO Wang was at one point the youngest self-made billionaire as we picked him on our |
| 1:35.6 | billionaires list and the company has followed a couple different AI waves to |
| 1:41.8 | increasing revenue a couple years ago. and to allow those cars to drive autonomously. |
| 1:54.0 | And recently we're hearing that their revenue has continued to skyrocket from about $250 million |
| 2:01.0 | in annual recurring revenue last year to north of 700 million. |
| 2:05.8 | So this is a company that continues to position themselves as one of the key infrastructure suppliers for the AI ecosystem. |
| 2:16.6 | But in the course of reporting |
... |
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