TNB Tech Minute: Nvidia Invests $150 Million in AI Startup Baseten

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Thank you.

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Here's your afternoon TNB Tech Minute for Tuesday, January 20th. I'm Julie Chang for The Wall Street Journal. Base10, a startup specializing in AI inference, has raised $300 million at a $5 billion valuation. That's according to people familiar with the matter. The round now more than doubles its valuation.

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It was led by venture capital firm IVP and Alphabet's Independent Growth Fund, with participation from NVIDIA, which is investing $150 million into the company. The

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The deal highlights NVIDIA's push into startups focused on inference, that's the process of AI models generating output in response to prompts. It's also the latest example of NVIDIA investing in a customer of its own AI chips.

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Warner Brothers Discovery and Netflix have struck a new all-cash deal for Netflix to buy Warner's studio and HBO Max streaming business. The value of Netflix's offer is still $72 billion. The all-cash deal of $27.75 per share replaces Netflix's previous cash and stock deal.

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The sweetened offer comes as rival bidder Paramount continues pushing its own all-cash offer of nearly $78 billion for all of Warner, including its cable networks. Warner and Netflix said they expect the new structure to enable Warner shareholders to vote on the deal by April.