AIPYMNTSabout 3 hours ago
Mercury CEO Says AI Is Breaking the Old Startup Model
5 min read
Mercury CEO Immad Akhund said AI is lowering the cost of starting companies, driving a 2.5x increase in applications in Q1 versus Q1 last year. Mercury raised $200 million in Series D funding at a $5.2 billion valuation and received conditional OCC approval to establish Mercury Bank, N.A.
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