tempus just disclosed $192.5m in multi-year data deals with bms and pathos in an sec filing. healthcare data is getting priced like a real asset. which industry is next?
More money is going into experts teaching AI. Trajectory raised a $45M Series A at $300M, led by Sequoia, so nontechnical experts can post-train models themselves. Crux Labs came out of stealth with $6M+ to turn expert judgment into agent evals. Did we miss anyone?
Alvin Roth won a Nobel for market design. His first rule: a market has to be thick, enough buyers and sellers that deals happen. AI data licensing went from 24 signed deals in 2023 to 112 in the first nine months of 2026, per AI Industry Reviews. It's getting thick.
Proximal says it passed $200M a year in revenue about 10 months after starting, then raised a $15M seed. That's a growth-stage number on a seed check. RL environments for coding agents are one of the fastest businesses in AI right now.
Tomorrow a bankruptcy judge is set to hear Google's $10M bid for Spirit Airlines' old emails and Teams messages. If it's approved, a company's inbox gets sold right alongside its planes. Text us.
xdof raised a $70m series a in june. techcrunch now reports it's in talks at about $1.2b, led by 8vc. people don't even understand how fast robot data is moving
Mercor pays experts $6M a day, per Brendan Foody. A year ago it was $1.5M. Handshake says it pays about $60M a month to 30,000+ experts. Two companies, close to $3B a year going to people teaching AI.
there are over 7,000 living languages per ethnologue. our bet is native-speaker recordings in the ones that barely show up online become some of the most licensed data in ai
Hayek, 1945: the knowledge an economy runs on is "the knowledge of the particular circumstances of time and place," spread across millions of people and never held in one place. AI labs paying experts to write theirs down are putting his idea to work at scale.
brendan foody says the average lab or ai native company spends 5-10% of revenue on expert data, and that it's surprisingly consistent. as those revenues keep compounding, that's one of the fastest growing budgets in tech
Old archives turned into some of the best annuities in media. News Corp gets up to $50M a year from Meta (WSJ) on top of OpenAI's reported $250M+ over five years. Reddit gets about $60M a year from Google (Reuters). If you own an archive, lmk.