Ai Infrastructure

Modal Labs • Modal Labs

Modal Labs reportedly nears $750 million round at $15.75 billion valuation: Inference provider Modal Labs is reportedly closing in on a $750 million funding round. The new financing is expected to value the AI infrastructure startup at $15.75 billion. This valuation would more than triple the company's valuation from four months prior.

Huawei open-sources training and RL code for openPangu-2.0: Huawei's Ascend Tribe has open-sourced the pretraining, supervised fine-tuning, and reinforcement-learning code for its openPangu-2.0 model family. The release includes openPangu-2.0-Training and openPangu-2.0-RL. The code is optimized for Huawei's Ascend-based training ecosystem.

AI Infrastructure • TechNode