According to CoinMeta, Fireworks AI is seeking a new round of financing with a target valuation of $30 billion to $40 billion. As cited by Business Insider from informed sources, the company's valuation was $17.5 billion just a few months ago. The financing negotiations are still in their early stages, and the target valuation may change. Unlike companies that attempt to become competitors to ChatGPT, Fireworks AI has chosen to target enterprises, customizing its AI model to utilize customers' proprietary data and specific business needs. In July of this year, the company stated that its annual revenue had exceeded $1 billion, with over 40 trillion token processed daily, of which 95% came from models customized to meet customer requirements.