AI inference startup Fal doubles its value to $16B in a $1.3B round

Fal, which hosts image, video and audio AI models for developers, raised $1.3B led by Bessemer at a $16B valuation, double its April value. Nvidia and T. Rowe Price also invested. Fal plans to spend the money on more computing power and staff. Fal, a startup that runs image, video and audio AI…