"Brendan Foody, the CEO and cofounder of Mercor, said the company is paying over $1.5 million daily to contractors who are training AI. Mercor, which recruits teams of human experts to train AI models, including for companies like OpenAI and Anthropic, recently completed a funding deal at a $10 billion valuation, the company said Monday. "The company has been growing like crazy," Foody said on the TBPN show following the valuation news."
"The company said in a LinkedIn post on Monday that it currently has over 30,000 contractors. In a blog post about the latest funding round, Foody described humans training AI as a "new category of work." "Millions of people will spend the next decade teaching machines the judgment, nuance, and taste that only humans possess," Foody wrote in a blog post published on Monday. "Instead of doing predictable work repeatedly, they'll teach agents how to do it once, so the agent can do it a million times.""
Mercor pays more than $1.5 million each day to the contractors it hires to train AI models. The company has over 30,000 contractors and counts clients such as OpenAI and Anthropic. Mercor completed a funding round that valued the company at $10 billion. Contractors recruited include experts from software engineering, finance, law, and medicine. Brendan Foody called humans training AI a "new category of work" and said millions will teach machines judgment, nuance, and taste. Workers can earn up to $100 an hour training AI chatbots. An IPO for Mercor is potentially on the horizon.
Read at Business Insider
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