However, the job cuts at Scale AI – once a Silicon Valley darling – seem to suggest otherwise. In fact, it could be a cautionary tale for some buzzy AI startups.
Wang, who is the CEO of the company, wrote in the blog post announcing the layoffs that he was on a hiring spree given the enthusiasm for Scale AI's product. "Over the past several years, interest from enterprises and governments in AI has grown rapidly. As a result, I made the decision to grow the team aggressively in order to take advantage of what I thought was our new normal," Wang wrote in the post.
Wang added that he failed to predict the economic downturn over multiple previous quarters, which has affected the startup's customer in the e-commerce and consumer technology space. Do you have information about layoffs or other trouble at a startup? Contact the reporters Samantha Stokes (
AI will take over their jobs. The Machine has finished Learning.
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