A 23-year-old’s AI startup wants a $20bn valuation, months after a breach cost it Meta

Mercor, an AI training marketplace founded by three young entrepreneurs, is seeking to double its valuation to $20bn within nine months, citing a $2bn gross revenue run rate. The company recently acquired Deeptune, a startup specializing in AI agent simulation, in a deal involving Mercor's CEO's prior investment. Despite rapid growth, Mercor's net revenue is significantly lower than its gross billings, raising questions about its high valuation.