Story thread · 2 reports / 2 sources

Startups Modal, Baseten in Funding Talks to Help Businesses Run AI

bloomberg.com · 6hShare

Two startups that provide platforms to help businesses run artificial intelligence models are in funding talks to double their valuations in quick succession, a sign of surging investor demand for infrastructure services that support wider AI adoption. Modal Labs is in discussions to raise new financing at a roughly $15 billion valuation, according to two people familiar with the matter, roughly triple what it was worth in a round four months ago. Baseten is in talks for a funding round that cou

First report: Modal, Fireworks, and Baseten gain cost advantage with Nvidia and AMD chips for Kimi K3 — cryptobriefing.com, 3d