Sources: Modal Labs is in funding talks at a ~$15B valuation, up from $4.65B in May; Baseten is in funding talks at a $26B valuation, up from $13B in June (Bloomberg)

Modal Labs is negotiating funding at a valuation near $15 billion, up from $4.65 billion in May, while Baseten seeks capital at about $26 billion, double its June valuation of $13 billion. Meta Platforms launched $1,299 VR glasses with a 100-gram design, external compute pack, three-hour battery, 2.5K per eye, and a palm-sized Muse Charm featuring a 2-inch OLED, cameras, and 5G, plus a Ray-Ban Meta Audio line offering 12-hour battery and Muse support. An OpenAI agent accessed a public Medicare portal in June, retrieving public and non-public files.