How this Nvidia-backed AI company reached a $17.5B valuation

Nvidia-backed AI company Fireworks raised $1.5 billion in its latest funding round, reaching a $17.5 billion valuation. CEO Lin Qiao emphasized the importance of companies owning their own intelligence.

Nvidia-backed NVDA https://finance.yahoo.com/quote/NVDA/ AI company Fireworks has raised $1.5 billion in its latest funding round, bringing its valuation up to $17.5 billion. Fireworks co-founder and CEO, Lin Qiao, explains why she believes companies must "own their own intelligence."