Stocks
Nvidia Eyes $20B Valuation for AI Data Provider Mercor
Nvidia is reportedly exploring an investment in AI data provider Mercor, valuing the three-year-old firm at $20 billion.
The potential deal aligns with Nvidia's aggressive investment surge, which reached $18.6 billion in the quarter ending in April.
Mercor has been expanding its business with Nvidia, paying tens of millions of dollars for high-quality data curated by domain experts across legal, financial, and scientific fields.
The company's annualized gross revenue reached $2 billion in June, doubling its figure from earlier in the year.