AI Data Startup Turing Triples Revenue To $300 Million

by THEFUTURE.TEAM

February 3, 2025

Turing, the AI data startup based in Palo Alto, has announced that its revenue surged by 300% to reach $300 million in the past year, marking a significant milestone in the company’s growth. The firm, which helps AI labs like OpenAI, Google, Anthropic, and Meta improve their models, has also achieved profitability. Turing was last valued at $1.1 billion in 2021.

As AI models advance in complexity, the demand for human trainers with specialized expertise has skyrocketed. This surge has propelled the valuation of startups such as Turing’s competitor, Scale AI, which was valued at $14 billion last year.

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Turing’s business model focuses on matching AI labs with human experts in specific fields, streamlining the process of gathering and labeling data to train models. With access to a pool of over 4 million experts, including software developers and PhD scientists, Turing provides critical services to reduce the burden on AI labs to manage hundreds of trainers.

However, the cost of this service can be significant, with each complex data annotation potentially costing hundreds of dollars. Given that advanced AI models require millions of annotations, the price tag for training can quickly escalate. For example, Meta used over 10 million human annotations to train its Llama 3 models.

As AI labs reach what is known as the “data wall”—a plateau in model performance due to the lack of more internet-based training data—companies like Turing are playing an increasingly important role in helping overcome this obstacle. Turing’s CEO, Jonathan Siddharth, emphasized that these human data companies are essential for maintaining the growth trajectory of AI models.

“Companies like Turing are helping scale AI models to compensate for the data deficit we face,” Siddharth told Reuters.

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Cyprus’ Strong Youth Employment Rate Still Does Not Guarantee Early Independence

by THEFUTURE.TEAM

September 16, 2026

Young people in Cyprus have a relatively high employment rate, but they leave the parental home later than the EU average, according to Eurostat data.

Cypriots left home at an average age of 27 in 2025, compared with 26.3 years across the EU. At the same time, 72.3% of people aged 20 to 29 in Cyprus were employed, well above the EU average of 65.5%.

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Strong Employment Does Not Mean Early Independence

Only nine countries recorded higher youth employment rates than Cyprus. Iceland led at 85.3%, followed by the Netherlands at 84%, Malta at 82.1%, Switzerland at 78.3% and Germany at 77%.

Norway recorded 76.5%, Ireland 76.1%, Denmark 74.8% and Austria 74.6%. Eurostat said countries where young people leave home earlier generally tend to have higher youth employment rates.

Southern Europe Sees Later Moves

Finland had the lowest average age for leaving the parental home at 21.4 years, followed by Denmark at 21.8 and Estonia and Lithuania at 22.7. Croatia recorded the highest average at 31.5 years, followed by Greece and Slovakia at 30.9. Spain and Italy both stood at 30.2 years.

Across the EU, the average has remained close to 26 since 2002, rising only slightly from 26.2 years in 2024 to 26.3 years in 2025.

Cyprus Labour Market Is Cooling

The figures come as Cyprus’ labor market shows some signs of easing, although demand for workers remains relatively strong by European standards.

Separate Eurostat data showed Cyprus had the EU’s largest annual decline in its job vacancy rate in the second quarter of 2026. The rate fell to 2.6% from 3.3% a year earlier, but remained above the EU average of 2.0% and the euro area average of 2.1%.

Cost Of Living Remains A Factor

Housing and other living costs can also affect how quickly young workers establish independent households. Eurostat reported that Cyprus’ household consumption price level was 89.2% of the EU average in 2025.

A relatively lower overall price level does not eliminate affordability pressures for people on modest incomes. For younger workers, the issue can be whether wages are sufficient to cover rent, utilities, food and other basic expenses.

Cyprus therefore combines relatively high youth employment with a later transition to independent living, suggesting that access to work and the ability to afford a separate household do not always move together.

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