Scale AI

Stop stealing that commencement address.

There's also people who are so optimistic, by the way, that they're waiting to have kids because like Alexander Wang of Scale AI, which was, of course, acquired by Meta, and now he's Meta's AI chief, wanted to wait until the neural networks are sufficient that he can just plug his baby's brain into the neural link or whatever to download.

all the information in the world.

I'm telling you, if the average person outside of San Francisco had access to the dinner table conversations of AI insiders in San Francisco, it would kill them.

So Figure actually went to a bunch of different suppliers and requested data sets from them.

One of the biggest is probably Scale AI that you might be familiar with.

Scale AI is a company that was purchased by Meta.

And they, I think, were purchased, about 50% of the company was purchased for $2 billion.

They had the CEO of Scale.ai move over and is now the CEO of Meta.ai. And so this was a huge company that did a lot of training data for OpenAI, Anthropic, Google, and a lot of Meta and a lot of other players.

And of course, there's all the drama where when they had this whole acquisition, OpenAI said, hey, look, we're not buying any more data from them because they're purchased by Meta and it's a competitor, yada, yada.

So there's a bunch of stuff that went on.

Scale AI specifically though, wasn't just perhaps buying data.

I really appreciated that.

With ScaleAI, with Emily Xue, I started to hit the limits of my expertise.

It was around, yeah, Data for AI and they launched, Scalius, they launched a new framework called READY, R-E-A-D-Y, like, you know, all capitalize a new framework for deploying data into the enterprise.

But super relevant, right? We're moving into a world where these two areas, like localization, translation, speech-to-speech, data, like it all moves in kind of all blends.

I'm Ellie Austin, and you're watching Fortune Daily.

In 2016, and at just 21 years old, Lucy Guo co-founded Scale AI, which is an AI infrastructure and software company.

After two years, she left, and she went on to become the world's youngest self-made female billionaire.

And she wasn't finished there because Guo's current project is Parses, which is a monetization platform for creators.

Today, Lucy joins me to talk about building an AI company long before most of us had even heard the term artificial intelligence, how she bounced back from her contentious scale AI exit, trust and safety in the creator business, and how she invested early in a little old company called Anthropic.

Lucy embodies a new generation of multi-hyphenate founders who made their money young and who made their money fast.

And speaking to her was a fascinating window into the minds and lives of this new generation of tech billionaires who we talk about so frequently on this show.

I would say it doesn't matter if they're bringing money because I optimize for happiness.