A 23-year-old’s AI startup wants a $20bn valuation, months after a breach cost it Meta
A three-year-old startup run by a 23-year-old is in talks to double its worth to $20bn. The numbers are dazzling. Read the footnotes.
Mercor, the AI training marketplace, has told investors it can raise at a $20bn valuation. It says it already holds at least one term sheet at that price, Bloomberg reports. The talks are early, and a deal might not close.
The figure is striking for its speed. Mercor last raised in October, at a $10bn valuation. Nine months later, investors are being asked to pay double.
The company recruits domain experts, such as engineers, lawyers and doctors, and pairs them with AI labs that need human judgment to train frontier models. Its customers include OpenAI, Anthropic and Google. Its founders are three former high-school debate teammates who dropped out of college.
They became the world’s youngest self-made billionaires at 22.
The buy that raises eyebrows
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