Mercor's CEO says it now spends more on AI tokens than employee salaries

Brendan Foody is the CEO of Mercor. Taylor Hill/FilmMagic via Getty Images Mercor's CEO says the $10 billion startup now spends more on AI tokens than employee pay. Before long, he says, the average company could be spending more on AI compute than on salaries. Some tech leaders are questioning whether soaring AI costs are producing returns. What happens when a company spends more on AI than on its workers? Mercor's CEO says his startup is already finding out. "Right now we're spending more...