Ai

Baseten closed a $1.5 billion Series F this week at up to a $13 billion valuation, tripling its worth in five months on the back of annualized revenue that surged from $200 million to $600 million in a single quarter. The round signals that investors are betting inference infrastructure, not model access, is where durable AI margin gets captured. With rivals like Fireworks AI and Together AI also raising at multi-billion valuations, the inference layer is shaping up as the most contested infrast