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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…

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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.”
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3 Comments

3 Comments

  1. @Manas-ry6f

    October 14, 2026 at 2:21 pm

    are these companies really worth so many billions?

    • @OlaFosheimGrstad

      October 14, 2026 at 4:09 pm

      It is commoditized soon…

  2. @118Columbus

    October 14, 2026 at 6:41 pm

    Each sandbox is worth $10 million

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Bloomberg Technology

Defense Tech Boom Fuels Shield AI’s Expansion

Shield AI is acquiring counter-drone technology company Echodyne in a deal worth more than $5 billion, a major expansion of its push into next-generation defense technology. CEO Gary Steele discusses why counter-drone capabilities are becoming increasingly critical and why investor appetite for defense tech remains strong as Shield AI raises new capital at a sharply…

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Shield AI is acquiring counter-drone technology company Echodyne in a deal worth more than $5 billion, a major expansion of its push into next-generation defense technology. CEO Gary Steele discusses why counter-drone capabilities are becoming increasingly critical and why investor appetite for defense tech remains strong as Shield AI raises new capital at a sharply higher valuation. He joins Tim Stenovec on “Bloomberg Tech.”
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Bloomberg Technology

Agility Robotics Makes Public Debut as Humanoids Scale

Agility Robotics is making its public market debut, becoming the first dedicated US humanoid robotics company to go public. CEO Peggy Johnson discusses growing deployments of its Digit robot, $300 million in pending orders and why the company chose to go public now despite market volatility. She joins Tim Stenovec on “Bloomberg Tech.” ——– Like…

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Agility Robotics is making its public market debut, becoming the first dedicated US humanoid robotics company to go public. CEO Peggy Johnson discusses growing deployments of its Digit robot, $300 million in pending orders and why the company chose to go public now despite market volatility. She joins Tim Stenovec on “Bloomberg Tech.”
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Bloomberg Technology

Apple Taps Bond Market for $7B as Tech Sells Off

Apple is looking to raise about $7 billion in its first investment-grade bond sale in more than a year, with proceeds helping to fund share buybacks. Bloomberg Intelligence’s Robert Schiffman says the move looks opportunistic rather than driven by a need for cash. He also explains why Apple is standing out in the broader tech…

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Apple is looking to raise about $7 billion in its first investment-grade bond sale in more than a year, with proceeds helping to fund share buybacks. Bloomberg Intelligence’s Robert Schiffman says the move looks opportunistic rather than driven by a need for cash. He also explains why Apple is standing out in the broader tech selloff as investors reassess the debt and spending behind the AI infrastructure boom. He joins Tim Stenovec on “Bloomberg Tech.”
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