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On August 20, according to The Information, Nvidia (NVDA.O) has initiated discussions regarding an investment in data labeling service provider Mercor, according to a source familiar with the matter. Mercor assists the chip designer in developing open-source AI models. This investment will be part of a funding round that values Mercor at $20 billion. Existing investor General Catalyst is currently negotiating to lead this funding round. In the past, most of Mercor's revenue has come from closed-source AI model developers such as OpenAI, Google, and Anthropic. However, as Nvidia prioritizes the development of the Nemotron open-source model, Mercor's revenue from Nvidia is increasing. Nemotron aims to compete with the world's most advanced open-source models. According to sources, Nvidia paid Mercor tens of millions of dollars in the last quarter. In addition to Mercor, Nvidia also utilizes data from other suppliers like Turing and Scale, while also maintaining its own internal data team.

On August 20, The Information reported that NVIDIA (NVDA.O) has entered discussions with data annotation service provider Mercor regarding an investment. Mercor assists the chip designer in developing open-source AI models. This investment will be part of a funding round that values Mercor at $20 billion. Existing investor General Catalyst is in talks to lead this funding round. In the past, most of Mercor's revenue came from closed-source AI model developers such as OpenAI, Google, and Anthropic. However, as NVIDIA prioritizes the development of the Nemotron open-source model, Mercor's revenue from NVIDIA is increasing. Nemotron aims to compete with the world's most advanced open-source models. According to insiders, NVIDIA paid Mercor tens of millions of dollars last quarter. In addition to Mercor, NVIDIA also utilizes data from other suppliers like Turing and Scale, while maintaining its own internal data team.

On August 20, payment giant Stripe agreed to acquire AI routing company OpenRouter.