Scale.AI - Up until 2022, the firm has raised $600M at a $7.3B valuation. Its just building tools to label data or tools for model tracking etc. Why does it have such a valuation?
Also, there are labeling shops in India, where the salaries are nowhere close to $30K per year. I am not sure where these labelers are located. Now, labeling english documents might require english trained and native speakers, but labeling data (images, objects, simple text) does not and that work is done in lower cost countries.
However, Humans in the Loop, particularly in the cheaper countries, for the work that its automating and removing people from it, might cause societal issues in the long run. Long haul truck drivers is not one of them, simply because there is a long standing shortage of those. How about "importing" those drivers from low cost countries, just like we import products?
It's simple. Driverless cars can't deal with "edge cases". If you've spent as much time stuck behind them as I have it's painfully apparent. Kenyans at less than $2 an hour can. The solution is remote Kenyan Taxi Drivers. No immigration issues, just beautiful Ricardian comparative advantage at work.
Getting an A- in OIDD 236 suddenly makes me feel much smarter than AI now 😂
Scale.AI - Up until 2022, the firm has raised $600M at a $7.3B valuation. Its just building tools to label data or tools for model tracking etc. Why does it have such a valuation?
Also, there are labeling shops in India, where the salaries are nowhere close to $30K per year. I am not sure where these labelers are located. Now, labeling english documents might require english trained and native speakers, but labeling data (images, objects, simple text) does not and that work is done in lower cost countries.
However, Humans in the Loop, particularly in the cheaper countries, for the work that its automating and removing people from it, might cause societal issues in the long run. Long haul truck drivers is not one of them, simply because there is a long standing shortage of those. How about "importing" those drivers from low cost countries, just like we import products?
It's simple. Driverless cars can't deal with "edge cases". If you've spent as much time stuck behind them as I have it's painfully apparent. Kenyans at less than $2 an hour can. The solution is remote Kenyan Taxi Drivers. No immigration issues, just beautiful Ricardian comparative advantage at work.