Mistral AI Raises €385 Million in Latest Funding Round
French startup Mistral AI has secured €385 million ($415 million) in its most recent funding round to further develop its technology and open-source software. The funding round, led by Andreessen Horowitz and Lightspeed Ventures, closed on Dec. 11 and follows a previous seed funding round where the company raised $113 million. Mistral AI, founded by former leads at Google’s DeepMind and Meta, focuses on generative AI tools, chatbot development, and customizable features. The company aims to make its products available to the general public in early 2024. Additional investors in the funding round include Salesforce, Bpifrance, and Eric Schmidt.
EU Reaches “Historic” Agreement on AI Requirements
The European Union (EU) regulators have reached a significant agreement on AI requirements. The agreement covers various aspects of AI, including biometric surveillance for governmental use and regulation of powerful AI models like ChatGPT. It also includes transparency requirements before entering the public market and addresses copyright matters and training methodologies that intersect with other areas of EU legislation.
Hot Take: Mistral AI Secures Impressive Funding for Future Development
French startup Mistral AI has successfully raised €385 million ($415 million) in its latest funding round led by Andreessen Horowitz and Lightspeed Ventures. With previous seed funding of $113 million, Mistral AI aims to become a global leader in generative artificial intelligence through its open-source approach to technology. The company’s focus on developing generative AI tools, chatbot capabilities, and customizable features positions it for success in the rapidly growing AI market. As it moves forward with its development plans, Mistral AI plans to make its innovative products available to the general public by 2024. With strong support from investors, including Salesforce and Eric Schmidt, Mistral AI is poised for significant growth and impact in the AI industry.
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