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Nvidia-backed Fireworks reaches $17.5 billion valuation as demand for cheaper AI models widens

The cost curve in artificial intelligence is compressing, and private capital is adjusting its bets accordingly. Fireworks AI, the inference platform backed by Nvidia, has reached a valuation of $17.5 b

By Selene Vasquez·July 19, 2026·二〇二六年七月十九日·2 min read