Technology companies such as OpenAI, Google, Meta, Anthropic and others are known for developing their own artificial intelligence technologies. But did you know that they also still seek help from third parties, especially in terms of machine learning, code base development, language model evaluation, and data accuracy checks?
Turing is an aggregated artificial intelligence engineering company that currently has a workforce of 4 million AI technology engineers worldwide who help these AI technology companies develop, teach and test their AI systems.
Recently, Turing was reported to have passed the Series E investment round, where they received an investment of $111 million (~RM492 million), thus boosting the company's value to $2 billion (~RM9 billion) so far.
Interestingly, this latest investment round was led by Malaysia’s own sovereign wealth fund, Khazanah, along with other investment firms such as WestBridge Capital, Sozo Ventures, UpHonest Capital, AltaIR Capital, Amino Capital, Plug and Play, MVPTVentures, Fortius Ventures, Gaingels and Mastodon Capital Management.
Turing started out as a human resources company, focusing on the introduction of remote engineers and programmers that began around the time of the COVID-19 pandemic. It then focused on AI engineers and programmers as the demand for professionals in the AI development sector increased.
To date, Turing has received a total of $225 million (~RM9.5 billion) in investment rounds so far, and the company’s CEO, Jonathan Siddarth, said that they will use this investment money to expand their wings to more technology sectors and other customers.
For now, Turing’s focus is seen in supplying programming manpower through the Turing AGI Advancement program to enable many companies to develop their own AGI systems.