Nvidia in Talks to Invest in Mercor at $20B Valuation

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- Nvidia has discussed investing in Mercor as part of a funding round that would value the startup at $20B, per sources cited by The Information.
- Nvidia already paid Mercor tens of millions of dollars last quarter, establishing a commercial relationship before any equity stake.
- Mercor is a data labeling provider that helps Nvidia develop its open-source AI efforts, according to the report.
Why it matters: Nvidia's potential equity investment in Mercor signals the chipmaker is moving beyond selling hardware to directly funding the AI training-data supply chain, with tens of millions already flowing to Mercor and a $20B valuation on the table for a deeper stake.
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