Ex-Meta Engineers’ AI Startup Seeks $15B Valuation; Micron Tops Meta Value
META•META•META•META•Fireworks AI, founded in 2022 by former Meta engineers, is in talks to raise funding at a $15 billion valuation led by Index Ventures. Micron’s stock surge has pushed it past a $1 trillion market value, moving it ahead of Meta Platforms in US public company rankings.
Fireworks AI, launched in 2022 by a team of former Meta Platforms engineers, is negotiating a new capital raise that would value the company at $15 billion. Index Ventures, an existing backer, is set to co-lead the round, underscoring growing investor appetite for AI inference services.
Micron Technology’s shares rallied to achieve a $1 trillion market capitalization after UBS tripled its price target, capitalizing on AI-driven memory chip demand. This milestone propelled Micron ahead of Meta Platforms in the ranking of the largest US public companies by market value.
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