The $13 billion AI startup betting on cheaper alternatives to OpenAI, Anthropic
- 12 hours ago
- 1 min read
WALL STREET JOURNAL — Baseten, which specializes in providing software and computing capacity to companies tapping in to lower-cost AI models, is finalizing a $1.5 billion fundraising round. It will be a dual-tiered structure, with some investors putting in money at an $11 billion valuation and others at a $13 billion valuation, according to Baseten.
Much of the focus in the AI industry has been on the biggest labs including Anthropic and OpenAI, which mostly offer closed-source models to customers and users. While undoubtedly more expensive than the freely available open-source models, part of the value proposition of the AI giants is that they provide computing capacity for their users.
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