New York —
The artificial intelligence industry has a big problem: 95% of companies that try AI aren’t making any money from it, according to a report from the Massachusetts Institute of Technology last month. One AI executive believes he knows why.
“There has been this general promise of, hey, you’ll just plug in the (AI) model … and everything will work,” Jason Droege, CEO of startup Scale AI, said in an interview. “The reality is a little bit different.”
Scale is primarily known for helping to make AI work at a fundamental level. AI giants need massive amounts of data to train their large language models, and it needs to be labeled and categorized so the models can learn, for example, what’s a photo of a cat versus a photo of a fish — for years, they’ve turned to Scale to provide that organized data.
It’s such a crucial business that Meta bought a 49%
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