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Mercor

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AI Training Boom: Mercor's $2B Revenue vs. Acemoglu's Unemployment Warning
technology5 days ago

AI Training Boom: Mercor's $2B Revenue vs. Acemoglu's Unemployment Warning

A CBS News segment highlights the tension between AI training opportunities and job displacement fears. Mercor, a multibillion-dollar company, employs over 100,000 freelancers to teach AI models, paying up to $200 an hour. While CEO Brendan Foody views this as a natural evolution freeing humans from repetitive tasks, Nobel laureate Daron Acemoglu warns that current automation trends could triple unemployment by 2035 if unchecked. Recent data shows hiring declines for young workers in AI-exposed fields, prompting calls for policy interventions to ensure AI augments rather than replaces human labor.

via CBS News|
#ai#automation#labor-market
Hollywood Workers Train AI as Traditional Jobs Dry Up
business3 months ago

Hollywood Workers Train AI as Traditional Jobs Dry Up

Hollywood veterans are moonlighting in AI training via RLHF to help improve generative models as traditional film/TV jobs shrink, with pay for specialists ranging from tens to over a hundred dollars an hour; unions are split on the issue, concerns about displacement and working conditions persist, but some see it as a way to survive and influence how AI is trained in entertainment.

via The Hollywood Reporter|
#ai#business#hollywood
Three 22-Year-Old AI Entrepreneurs Become Youngest Self-Made Billionaires
business11 months ago

Three 22-Year-Old AI Entrepreneurs Become Youngest Self-Made Billionaires

Three 22-year-old friends from Silicon Valley, including two Indian-Americans, have become the world's youngest self-made billionaires after their AI recruiting platform Mercor secured $350 million in funding, valuing the company at $10 billion. The founders, who started the company during their college years, built a platform that automates recruitment and connects global talent with AI companies, experiencing rapid growth and major funding rounds, culminating in a recent $14.3 billion acquisition of a rival by Meta.

via The Times of India|
#ai#billionaires#business