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Story summary
- Baseten is finalizing a $1.5 billion fundraising round.
- The round uses a dual-tiered structure, with some investors committing at an $11 billion valuation and others at a $13 billion valuation.
- CEO Tuhin Srivastava says open-source AI models are “getting very, very good.”
- Executives state that inference is beginning to dominate the AI industry.
