According to CoinMeta, as reported by The Information, NVIDIA (NVDA) has begun discussions with data annotation service provider Mercor regarding an investment, with the financing valuation reaching up to $20 billion. This investment will be part of Mercor's first round of financing, and existing investor General Catalyst is in talks to lead the investment. In the past, Mercor's majority of revenue came from closed-source AI model developers such as OpenAI, Google, and Anthropic. However, as NVIDIA prioritizes the development of open-source models (Nemotron), Mercor's revenue from NVIDIA is growing. In the previous quarter, NVIDIA paid tens of millions of dollars to Mercor. In addition to Mercor, NVIDIA also uses data from other data providers such as Turing and Scale, and also has its own internal data team.