Data labeling
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AI Hiring Startup Mercor Valued at $10 Billion After New Funding Round
Mercor, an AI startup training AI models, secured $350M in a Series C round led by Felicis, valuing the company at $10B. The funding will expand talent, improve matching systems, and accelerate delivery. Mercor utilizes a network of 30,000 experts, paying them over $1.5M daily to provide nuanced training. The company benefited from market shifts after Meta’s investment in Scale AI, creating an opening for providers like Mercor. However, it faces competition from other players in the data-labeling and AI training space.
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Meta to Invest Billions in Scale AI, Potentially Setting New Private Funding Record
Meta is in advanced talks to invest over $10 billion in AI data labeling startup Scale AI. This deal, if finalized, would be a historic private financing, reflecting the importance of data in the AI landscape. Scale AI, which provides data labeling services crucial for training machine learning models, has experienced rapid growth. Meta’s investment signals a shift toward external AI partnerships and supports its strategic focus on AI, including its Llama language model and AI-powered integrations across its platforms.
