AI inference startup Baseten is raising $1.5B in a dual-tiered deal, with some investors putting in money at an $11B valuation and others at a $13B valuation (Angel Au-Yeung/Wall Street Journal)

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AI inference startup Baseten is raising $1.5 billion in a dual-tiered financing round, with some investors committing capital at an $11 billion valuation and others at a valuation of up to $13 billion. The fundraising comes months after the company’s previous mega-round, reflecting continued investor confidence in the profitability of cheap AI inference.

Written from all 3 reports below, not from any single one.