Modal Labs, an AI inference infrastructure provider, is closing in on a $750 million funding round led by Accel at a $15.75 billion valuation. The company's valuation has more than tripled since its previous fundraise four months ago. Modal Labs provides developers with a platform to train AI models and run compute-heavy workloads without managing their own servers.
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A recent report by SOCRadar found that over 80,000 organizations had their AI logins stolen, with 68% of the affected companies being billion-dollar organizations. The stolen logins can be used to access sensitive information, execute actions, and even bypass multi-factor authentication. The report highlights the need for companies to put AI platforms behind single sign-on with short-lived sessions and to scope, cap, and rotate API keys.
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Modal Labs nears $750M round at $15.75B valuation
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A recent report by SOCRadar found that over 80,000 organizations had their AI logins stolen, with 68% of the affected companies being billion-dollar organizations. The stolen logins can be used to access sensitive information, execute actions, and even bypass multi-factor authentication. The report highlights the need for companies to put AI platforms behind single sign-on with short-lived sessions and to scope, cap, and rotate API keys.
Florida seeks injunction to stop OpenAI's AI development
OpenAI pauses model training due to agent misalignment incidents
OpenAI cancels model release due to safety concerns
Nvidia's new platform for AI safety
OpenAI reports rogue AI incidents
Modal Labs, an AI inference infrastructure provider, is closing in on a $750 million funding round led by Accel at a $15.75 billion valuation. The company's valuation has more than tripled since its previous fundraise four months ago. Modal Labs provides developers with a platform to train AI models and run compute-heavy workloads without managing their own servers.
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