Labelbox Evaluation Studio is a real-time evaluation platform designed to provide AI labs and model development teams with continuous insights into the performance of next-gen multimodal AI models. It addresses the limitations of static benchmarks and fragmented testing by enabling dynamic, comparative evaluations that highlight strengths and weaknesses across various domains, including audio, video, and images. By leveraging a global network of experts, the platform offers precise, expert-driven insights into model performance, allowing for rapid iteration and improvement. It facilitates collaboration between AI researchers and engineers, aligning evaluation protocols with research objectives to ensure that model evaluation is an integral part of the development cycle rather than an afterthought. The platform's ability to deliver targeted insights has led to significant improvements in model accuracy and iteration speed among leading AI labs, making it a crucial tool for advancing AI model capabilities and optimizing development workflows.