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Insiders: Fireworks AI is in talks for $4 billion in funding, with its valuation skyrocketing sevenfold in a year.
PANews, July 29 – According to a report by The Information citing informed sources, AI cloud service startup Fireworks AI is in talks for a new round of financing with Lightspeed Venture Partners and Index Ventures, with a valuation that could reach $4 billion. This valuation has risen more than seven times compared to last year. Fireworks AI focuses on leasing Nvidia chip servers for developers to use for AI models.