Open-model demand pushes Applied Compute toward $3B valuation

AI Summary California’s Applied Compute, a company that assists firms in developing, deploying, and improving open-weight AI models, is reportedly negotiating with investors to secure financing valued at about $3 billion, according to a report from The Information. If raised, this would more than double its former valuation of $1.3 billion in a funding round disclosed only... fulltext: 373 chars | fulltext source: rss-fallback | summary method: extractive Original: https://www.cryptopolitan.com/applied-compute-eyes-3-billion-valuation-as-open-model-demand-grows/ Source: CryptoPolitan