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