Nvidia-Backed Fireworks AI Raises $1.5 Billion at $17.5 Billion Valuation as Revenue Surges Fivefold
Nvidia-backed cloud startup Fireworks AI raises $1.5 billion at a $17.5 billion valuation after surging to over $1 billion in annualized revenue — a fivefold jump — fueled by surging corporate demand for cheaper, open-source AI models as it processes 40 trillion tokens daily at costs up to ten times …