Fireworks raised $1.5bn on a bet that companies will build AI, not rent it
The AI economy has run on a simple habit: rent a model from a big lab. Fireworks just raised $1.5bn to argue the opposite, that every company will build intelligence of its own. The Series D values the San Mateo startup at $17.5bn, it said. Atreides Management, Index Ventures, and TCV led the round. Nvidia, […]<br /> This story continues at The Next Web [...]
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Microsoft Opens 26 Open Models to Startups Through Fireworks AI on Foundry
Microsoft is pushing its newly generally available Fireworks AI integration at the startup segment, publishing a deployment blueprint on August 4, 2026 that pairs a reference architecture for running [...]
Microsoft AI chief says company was “set free” from OpenAI to pursue superintelligence
For three years, Microsoft's artificial intelligence story has been inseparable from OpenAI. The partnership — cemented by a cumulative investment exceeding $13 billion — gave Microsoft early [...]
The AI boom’s least glamorous winner just filed for a $5bn listing, and it wires Google and Amazon’s data centres
While attention fixes on Nvidia and the AI models, the companies quietly wiring the data centres together are booming. Eoptolink, a Chinese maker of high-speed optical transceivers, has filed for a Ho [...]
DoJ agrees to settle with RealPage in rent collusion software case
Last year, the Department of Justice filed an antitrust suit against software company RealPage, accusing it of manipulating the rental housing market and driving up prices. Now, the DoJ has announced [...]
AI video startup Higgsfield is in talks to raise at a $5bn valuation
Higgsfield AI did not exist before March 2025. Fifteen months on, the video startup is in talks to raise money at a $5bn valuation, four times its worth at the start of the year. The company is seekin [...]
Mistral AI just released a text-to-speech model it says beats ElevenLabs — and it's giving away the weights for free
The enterprise voice AI market is in the middle of a land grab. ElevenLabs and IBM announced a collaboration just this week to bring premium voice capabilities into IBM's watsonx Orchestrate plat [...]