Mercor launches the AI Productivity Index (APEX), which evaluates AI models' ability to perform “economically valuable knowledge work”; GPT-5 leads at 64.2%
still not production-ready Nikita Ostrovsky / Time : AI Is Learning to Do the Jobs of Doctors, Lawyers, and Consultants arXiv.org : The AI Productivity Index (APEX) Agnee Ghosh / Bloomberg : OpenAI, A...
A profile of Mercor, a Scale AI rival valued at $2B in February, which hires domain experts to train models; it had a $100M run rate in March and $6M H1 profit
Mercor, debuting on the Forbes Cloud 100 list, built an AI recruiter to interview job candidates. X: @richardjnieva . LinkedIn: Sundeep Peechu and Peter Fenton . Bluesky: @dannygroner X: Richard Nieva...
As the “Bank of Startups”, Silicon Valley Bank collapsed from its exposure to interest-rate risk, a lack of diversity among depositors, and VC herd mentality
an unsecured illiquid claim on a failed bank. Absent @jpmorgan @citi or... https://twitter.com/... Bob Elliott / @bobeunlimited : Fed/FDIC decisions on SVB determine whether they risk a bank run trill...
Sources: SoftBank discussed deal with Benchmark to buy Uber shares from existing shareholders at $40B-$45B valuation, and invest an additional $1B at $70B
Three weeks ago, Benchmark partners Matt Cohler and Peter Fenton flew into Sun Valley, Idaho for a private meeting with Masayoshi Son of SoftBank … Tweets: @cityofthetown , @mikeisaac , and @jessicale...
Sources: Benchmark's Peter Fenton, early Twitter investor, is leading funding round of about $20M in French location sharing app Zenly, after $11M raise in May
Biz Carson / Business Insider :