20VC: Scale, Surge, Turing, Mercor: Who Wins & Who Loses in Data Labelling | Is Revenue in Data Labelling Real or GMV? | Why 99% of Knowledge Work Will Go and What Happens Then? | Why SaaS is Dead in a World of AI with Jonathan Siddharth @ Turing
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I think the era of data labeling companies is over, and it's now the era of research accelerators. All knowledge work is going to be automated. It's only a matter of time. I don't see an AI bubble. These models are incredibly powerful today.
SaaS, as we know it, I think is over. I think it's completely over. This is 20 VC with me, Harry Sebings, and I'm so excited for the show today. So I'm fascinated by the data labeling market. McCaw, Surge, Turing, Invisible.
There are seven players that I know of that do over a hundred million in annual recurring revenue. All of them have more than 50% of their revenue from two customers. The way they use the term revenue is also sometimes super unclear versus GMV. There are bluntly just a lot of questions. Today I do not pull any punches, with the man leading one of these companies, Jonathan Saddat,
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