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AI startup Baseten Labs has raised $300 million in a new funding round, securing a $5 billion valuation, according to sources familiar with the deal. The substantial raise highlights the continued investor appetite for companies building infrastructure for AI applications. Baseten, which provides tools for deploying and scaling AI models, joins a growing list of AI firms fetched high valuations amid the ongoing artificial intelligence boom. The round underscores how aggressive private markets remain for high-potential AI developers despite broader economic uncertainty.
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