ByteBrief
We're a portrait publication through and through. Turn your phone back and your briefing picks up right where you left it.
(We tried widescreen once. It wasn't us.)
Modal Labs is closing on a $750 million round led by Accel at a $15.75 billion valuation, more than tripling its $4.65 billion valuation from four months ago. The inference provider, which surpassed $300 million in annualized revenue as of May, is benefiting from soaring demand for running open-source AI models.
Tap to vote and see what everyone thinks.
Summary by ByteBrief
AMD Acquires Fei-Fei Li's World Labs for $8.2B