HOW AI LABS USE MERCOR TO GET THE DATA COMPANIES WON'T SHARE

Summary from the TLDR AI newsletter

Mercor's marketplace connects former employees of investment banks, consulting houses, and law firms with the AI labs looking to automate those industries. Its customers include OpenAI, Anthropic, and Meta. The startup pays industry experts up to $200 an hour to fill out forms and write reports for AI training. It has tens of thousands of contractors that it pays more than $1.5 million to daily. Mercor's annual recurring revenue has grown to roughly $500 million in just under three years.