Sources: data labeling startup Handshake's gross annualized revenue hit ~$1B, vs. $550M in January; Mercor hit a $1B+ gross annualized revenue pace this year (The Information)
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- Handshake saw its gross annualized revenue surge to roughly $1 billion from $550 million in January, reflecting soaring AI data demand.
- Mercor reached a $1 billion+ gross annualized revenue pace this year, joining Handshake as a fast‑growing data labeling player.
- AI firms' voracious appetite for labeled data is lifting sales for these obscure startups, underscoring the critical role of data labeling in the AI boom.
Why it matters: AI firms now have a combined $2 billion annual spend on data labeling, accelerating model development pipelines.
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