Modal CEO: AI Has Entered a ‘New Era of Software’

AI cloud startup Modal has raised $750 million at a $15.75 billion post-money valuation as demand surges for the infrastructure needed to build and run AI applications. CEO Erik Bernhardsson discusses the company’s more than 3 billion AI sandboxes, growing demand for inference and reinforcement learning, and why increasingly capable agents will need secure virtual environments where they can execute code and eventually take on longer-running tasks. He joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)