DalsnaFinance

Nvidia-backed Fireworks hits $17.5 billion valuation as companies pursue cheaper AI models

Tech CNBC By CNBC 16 Jul 2026 13:00 1 min read
Nvidia-backed Fireworks hits $17.5 billion valuation as companies pursue cheaper AI models

Fireworks once relied heavily on revenue from coding startup Cursor, but has diversified in the past year as more companies reach for lower-cost AI models.

Fireworks once relied heavily on revenue from coding startup Cursor, but has diversified in the past year as more companies reach for lower-cost AI models.

Read the full story on CNBC → Opens the original article on www.cnbc.com

Summary aggregated from CNBC's public RSS feed. The full reporting belongs to CNBC — please read it on their site.