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US-based AI startup revenue surges to $300m

Artificial intelligence data startup Turing announced its revenue tripled to US$300 million in 2024, resulting in company profitability.

The Palo Alto-based firm was valued at US$1.1 billion in 2021 and serves clients including OpenAI, Google, Anthropic, and Meta.

Companies like Turing contract workers skilled in software development and scientific fields to annotate data.

Turing reported access to over 4 million experts who assist in training models through detailed annotations.

Turing CEO Jonathan Siddharth highlighted the company’s efforts to help advance AI by addressing data shortages.

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