Search results for Baseten
AI & Enterprise
AI inference infrastructure startups surge as unicorns spread
AI inference infrastructure startup Modal Labs is in talks to raise new funding at a $2.5 billion valuation, TechCrunch reported. If the round is completed, its valuation would more than double from $1.1 billion five months ago. General Catalyst is expected to lead the investment. Modal Labs is focused on improving the efficiency of running trained AI models to respond to user requests. Rivals have also raised large rounds at multibillion-dollar valuations.
AI & Enterprise
Chinese AI firms step up push as Korea sovereign foundation model drive enters new phase
Chinese tech firms are accelerating expansion in the AI market, with Baidu’s Ernie Assistant topping 200 million monthly active users and Kuaishou’s Kling AI reporting 12 million users and more than $20 million in monthly revenue. Alibaba unveiled a major update to its Qwen app. Startups also pressed ahead, including DeepSeek and Moonshot AI. In South Korea, a government-led foundation model project advanced three teams to the next stage and plans an additional selection.
AI & Enterprise
Nvidia steps up inference AI push with $150 million investment in Baseten
AI inference platform company Baseten raised $300 million at a $5 billion valuation, the Wall Street Journal reported on Monday. The valuation more than doubled from the previous round, the report said, as inference infrastructure becomes more important in the generative AI market. IVP and Alphabet growth investment fund CapitalG led the round, and Nvidia invested $150 million. Baseten was founded in 2019.