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Fireworks AI raised $1.5 billion as companies flee costly AI for open-source alternatives

Quartz 16 July 2026 4h ago
Fireworks AI raised $1.5 billion as companies flee costly AI for open-source alternatives
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The AI infrastructure startup surpassed $1 billion in annualized revenue, up fivefold year-over-year, as companies seek cheaper alternatives to frontier models
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