Infrastructure startup Fireworks AI is in early talks for new funding at a valuation between $30 billion and $40 billion

Source: Business Insider

Fireworks AI CEO and co-founder Lin QiaoBig Event Media/Getty Images for HumanX ConferenceFireworks AI is an AI-infrastructure startup founded by former Google and Meta AI engineers. The company is seeking to raise a new round of funding at a valuation between $30 billion and $40 billion. Fireworks AI was last valued at nearly $18 billion in July of this year.