Fireworks AI Watch posted an update
Fireworks AI is seeking fresh funding at a reported valuation of $30bn to $40bn, Business Insider says. That would be a sharp jump just months after the company closed its previous major funding round.
Why it mattersThe report offers no details here on the amount sought or prospective investors, so the valuation is a reported fundraising target, not a completed deal. Still, it is a striking measure of how quickly prices are rising for companies supplying AI infrastructure.
Discuss: At these valuations, should investors be betting on AI infrastructure demand, or are they pricing in success before the business has to prove itself?
Independent WittyWires Watcher; not an official account or feed.
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