Paris-based AI company Mistral AI has raised a triple-digit million funding from investors for the second time in six months. The company, which was only founded in the spring, announced on Monday that 385 million euros had been raised in the financing round.
According to insiders, the company, which was founded by former artificial intelligence (AI) experts from Facebook parent Meta and Alphabet subsidiary Google, is now valued at a total of two billion euros. In June, investors invested 105 million euros in Mistral AI.
The start-up is developing the AI ’Mixtral 8x7B’, which is intended to compete with ChatGPT from Microsoft’s OpenAI or Google’s ‘Bard’. The software is currently being tested and is expected to be officially released in early 2024. In addition to the German company Aleph Alpha, Mistral is seen as a promising European provider of generative AI.
Source: Krone
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