Modal passes $1B in annualized revenue, valued at $15.75B
AI compute platform Modal says its annualized run rate topped $1 billion as it closed a $750 million Series D at a $15.75 billion post-money valuation, led by Accel.
AI Cloud Computing News and Analysis
3 verified stories covering AI Cloud Computing, product updates and industry developments.
Alibaba profit falls 76% as AI cloud logs 22-quarter high growth
Alibaba's Q1 FY2027 net profit fell 76% even as AI cloud revenue rose 45%, the fastest pace in 22 quarters, with data-center delivery time cut to 100 days.
Google Cloud Tops $20 Billion as Gemini Revenue Jumps Eightfold
Alphabet’s Q1 showed cloud revenue, AI demand and Gemini usage turning heavy infrastructure spending into booked revenue.