Mercor

Mercor posted $614 million in total revenue in the first half of 2026 (91% from foundation-model companies) and its annualized recurring revenue surpassed $2 billion in June; the company is reportedly in talks for a new funding round at a roughly $20 billion valuation, up from the $10 billion valuation it raised at in October 2025. The story, sourced in part from fundraising materials obtained by The Information, was also republished/covered in Chinese by Sina Finance and Tencent News.