Fireworks AI, a California-based startup backed by Nvidia, has reached a $4 billion valuation in discussions with Lightspeed and Index Ventures, a remarkable increase from $552 million in the past year. The company focuses on democratizing AI infrastructure, enabling enterprises to easily deploy and scale advanced generative AI models while addressing significant resource and expertise gaps in the market.

OpenEvidence, an AI-driven platform designed to assist doctors in diagnosing and treating patients, has successfully raised $200 million in funding, achieving a valuation of $6 billion. The platform utilizes advanced technology similar to ChatGPT to enhance medical decision-making and improve patient outcomes.