Mercor CEO Says Company Pays $1.5 Million Daily To Humans Teaching AI — Inside Tech's Wild New Gold Rush Minting Billionaires Overnight - JPMorgan Chase (NYSE:JPM), Goldman Sachs Group (NYSE:GS)

Core Insights - Mercor is spending over $1.5 million daily on contractors to train AI models, indicating a significant investment in human-led AI instruction [2][4] - The company has reached a valuation of $10 billion, reflecting rapid growth and potential for future expansion [2] - The emergence of human-led AI training is described as a "new category of work," with millions expected to participate in teaching machines [3] Company Overview - Mercor connects human experts with AI firms like OpenAI and Anthropic, employing over 30,000 contractors across various industries including law, medicine, finance, and software engineering [4] - CEO Brendan Foody hinted at a potential IPO in the future, although no specific timeline has been provided [4] Industry Context - The AI sector is experiencing a boom, with predictions of unlocking up to $8 trillion in value, driven by sustainable growth and strong demand for AI technologies [5] - Business leaders and analysts agree that the AI revolution is still in its early stages, with significant economic gains anticipated [6]