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Subject: Latest News about Arthur Mensch and Mistral AI May 2024 | ||
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Content: | ||
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This research document presents the latest news regarding Arthur Mensch, founder of Mistral AI, and Mistral AI as a company. The information is derived from three credible sources. | ||
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1. Europe's AI stars step out of US shadow | ||
- Website Title: https://techxplore.com/news/2024-05-europe-ai-stars-shadow.html | ||
- Arthur Mensch, the founder of Mistral AI, was one of the main speakers at the VivaTech startup conference in Paris. He expressed concerns about US firms dominating the AI space and their potential influence on journalism. Mensch previously worked at Google's DeepMind and formed Mistral AI with two other Frenchmen. The company has raised more than $400 million in its last funding round. | ||
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2. Sources: Mistral AI raising at a $6B valuation, SoftBank 'not in' but DST is | ||
- Website Title: https://techcrunch.com/2024/05/09/sources-mistral-ai-raising-at-a-6b-valuation-softbank-not-in-but-dst-is/ | ||
- Mistral AI is raising funds at a $6 billion valuation, three times its December valuation. DST, General Catalyst, and Lightspeed Venture Partners are expected to participate in the round, with DST being a new investor. The round is estimated to be around, but less than, $600 million. SoftBank is not participating in this round. | ||
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3. UK watchdog decides not to investigate Microsoft's AI partnership with France's Mistral | ||
- Website Title: https://www.wsls.com/tech/2024/05/17/uk-watchdog-decides-not-to-investigate-microsofts-ai-partnership-with-frances-mistral/ | ||
- British regulators have decided not to open a competition investigation into Microsoft's partnership with French AI company Mistral. The structure of the partnership between Mistral and Microsoft does not grant sufficient rights or influence to Microsoft, according to Alex Haffner, competition partner at U.K. law firm Fladgate. | ||
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Arthur Mensch is actively involved in promoting European AI companies, particularly Mistral AI, on a global stage and expressing concerns about US dominance in the AI space. The company is currently raising funds at a $6 billion valuation, with DST, General Catalyst, and Lightspeed Venture Partners expected to participate in the round. SoftBank is not participating in this round but may consider investing in Graphcore, another AI-focused company. British regulators have decided not to open a competition investigation into Microsoft's partnership with Mistral AI. | ||
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Source: | ||
https://techxplore.com/news/2024-05-europe-ai-stars-shadow.html | ||
https://techcrunch.com/2024/05/09/sources-mistral-ai-raising-at-a-6b-valuation-softbank-not-in-but-dst-is/ | ||
https://www.wsls.com/tech/2024/05/17/uk-watchdog-decides-not-to-investigate-microsofts-ai-partnership-with-frances-mistral/ |