Mistral AI, an artificial intelligence startup created by ex-Meta and Google researchers, has recently raised $113M in seed funding.
Former Google DeepMind and Meta AI researchers co-founded Mistral AI in May 2023 to develop open-source generative AI models.
Two months after its debut, a new artificial intelligence (AI) startup and competitor to ChatGPT’s creator, OpenAI, raised $113 million in seed funding, bringing its valuation to $260 million.
Arthur Mensch, co-founder and chief executive officer of the company, stated that the first round of funding “will provide us with the resources and network necessary to begin deploying a new model of generative artificial intelligence.”
Mensch was a researcher at Google Deep Mind before co-founding Mistral AI. Timothee Lacroix and Guillaume Lample, the other two co-founders, worked at Facebook AI as a research engineer and a research scientist, respectively.
Lightspeed Venture Partners led the funding round, with participation from JCDecaux, Rodolphe Saadé, and Motier Ventures, among others. In 2024, the trio plans to issue its first models for text-based generative AI from its Paris headquarters.
The organization recruits and seeks AI researchers, software engineers, and product developers. The newly founded Mistral AI also needed a social media presence at the time of writing.
Sam Altman, the CEO of OpenAI, recently met with South Korean President Yoon Suk Yeol and urged the country to take the lead in semiconductor manufacturing for AI technology.
On June 9, OpenAI CEO Sam Altman and Korean President Yoon Suk Yeol shook hands at the Yongsan District, central Seoul presidential office. Yonhap News Agency Source
OpenAI currently uses Taiwanese processors, but Altman has revealed that South Korean chips will likely be required.
