Sources: Modal Labs is in funding talks at a ~$15B valuation, up from $4.65B in May; Baseten is in funding talks at a $26B valuation, up from $13B in June (Bloomberg)

Modal Labs and Baseten, two startups offering platforms for businesses to run AI models, are reportedly in funding talks. Modal Labs is seeking a valuation of approximately $15B, a significant increase from its $4.65B valuation in May. Baseten is also in discussions for funding at a $26B valuation, which would be double its $13B valuation from June, according to Bloomberg sources.