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AI spend for startups: Mercury CEO on the AI startup balance sheet
CNBC Televisionยท 2025-12-12 13:21
AI startups like OpenAI and Anthropic are notoriously capital intensive. But where does all that money go. Joining us now is Immad Akund, co-founder and CEO of Mercury, uh a fintech that offers bank-like services to many of those startups.So, uh Immad, uh interesting spot in the business here. Just set us up though and talk about exactly what your firm does, where you come into, uh the picture, I suppose, once these startups get funded. Yeah.Uh we started the company in 2017 and we provide radically differe ...