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Startups Modal, Baseten in Funding Talks to Help Businesses Run AI

Two startups that provide platforms to help businesses run artificial intelligence models are in talks to raise capital that could at least double their valuations, a sign of surging investor demand for infrastructure services.Modal Labs is in talks to raise new financing at a roughly $15 billion valuation, according to two people familiar with the matter, roughly triple what it was worth in a round four months ago. Baseten is in talks for a funding round that could value it at $26 billion, peop