Fireworks AI seeks funding at a valuation of 30 billion to 40 billion USD

Artificial intelligence infrastructure startup Fireworks AI is seeking a new round of financing, with a target valuation of $30 billion to $40 billion. A few months ago, the company's valuation was $17.5 billion. Fireworks AI offers "specialized intelligence" services, with an annual revenue exceeding $1 billion, processing over 400 trillion tokens daily.