Baseten Nears $1.5 Billion Funding Round as Inference Demand Surges

Baseten is finalizing a $1.5 billion fundraising round at an $11 billion to $13 billion valuation. The inference software provider helps customers run and optimize open-source AI models. Demand is surging as companies seek lower-cost alternatives to expensive closed-source models. Baseten sources computing from 20 cloud providers.