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AI data labeling startup Mercor is in talks to raise $500 million at a $20 billion valuation, doubling its worth from a $10 billion valuation in September. The round would make its three 23-year-old cofounders worth $4.3 billion each. Mercor crossed $2 billion in annualized revenue in June.
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Summary by ByteBrief

Sources: AI contractor marketplace Mercor is discussing raising new funds at a roughly $20B valuation, less than a year after raising money at a $10B valuation (Bloomberg)
AI startups accelerate revenue growth rates
Mercor is in talks for a $20B valuation