newsSeptember 28, 2026·TechCrunch AI

Source: Inference provider Modal Labs closing in on $750M round at $15.75B valuation

The new financing is expected to more than triples the AI infrastructure startup's valuation from just four months ago.

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•The new financing is expected to more than triples the AI infrastructure startup's valuation from just four months ago.
•This story was reported by TechCrunch AI, covering developments in the news space.
•AI advancements continue to reshape industries — read the full article on TechCrunch AI for complete coverage.

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Source: Inference provider Modal Labs closing in on $750M round at $15.75B valuation

Key Takeaways

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Anthropic’s prospectus details losses, growth, and, yes, a warning that its AI could end humanity

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Source: Inference provider Modal Labs closing in on $750M round at $15.75B valuation

Key Takeaways

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TechCrunch AI
Anthropic’s prospectus details losses, growth, and, yes, a warning that its AI could end humanity
In its prospectus, Anthropic just told investors it's losing tens of billions of dollars a year, but also growing like crazy, and — oh yeah — its own AI might pose an existential risk to humanity.

TechCrunch AI
OpenAI reportedly ditches model over safety concerns
A top executive at the AI lab told the Wall Street Journal that the model in question had displayed a poor aptitude for following orders.

Ars Technica
Experts worry about Nvidia's AI chip sales in China and influence over Trump
China is reportedly mulling letting ByteDance, Alibaba buy banned Nvidia chips.

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AMD is acquiring AI company World Labs in a deal worth more than $8 billion
World Labs co-founder and CEO Fei-Fei Li. | Bloomberg via Getty Images AMD announced today that it's acquiring World Labs, an AI research lab co-founded by the prominent researcher Dr. Fei-Fei Li, in an all-stock deal worth approximately $8.2 billion. World Labs launched in 2024 and was valued at