THE AI STARTUP FUELING CHATGPT'S EXPERTISE IS NOW VALUED AT $10 BILLION

Summary from the TLDR AI newsletter

Mercor, a human resources and recruiting startup, has finalized a new funding deal that values the company at $10 billion. The company manages 30,000 contractors around the world who help AI chatbots learn how to think and speak like humans. Venture capital firms are eager to offer funding to founders at sky-high valuations because they fear missing out on the next AI tech giant. Mercor is currently being sued by Scale for allegedly stealing trade secrets.