Why Tech Firm Scale AI Is the Next $1 Billion Unicorn Star

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Scale AI Inc., a three-year-old startup run by a 22-year-old, is teaching machines how to see. For that, it just joined Silicon Valley's list of unicorns with a fresh $100 million investment that puts its valuation above the coveted $1 billion mark, and its artificial intelligence (AI) technology has already attracted big-name customers in the field for autonomous vehicles, according to Bloomberg. Alphabet Inc.'s (GOOGL) Waymo, General Motor Co.'s (GM) Cruise, and Uber Technologies Inc. (UBER) are all buying what Scale has to offer, because well, self-driving cars are machines that need to be able to see. Scale stands out because it has built a set of software tools that are significantly reducing the time it takes to train a machine how to process and interpret visual imagery. And less time means lower costs.