24
May
(DedMityay/Shutterstock) Scale AI, which provides data labeling and annotation software and services to organizations like OpenAI, Meta, and the Department of Defense, this week announced a $1-billion funding round at a valuation of nearly $14 billion, putting it in a prime position to capitalize on the generative AI revolution. Alexandr Wang founded Scale AI back in 2016 to provide labeled and annotated data, primarily for autonomous driving systems. At the time, self-driving vehicles seemed to be just around the corner, but getting the vehicles on the road in a safe manner has proven to be a tougher problem than originally…