🌋 The AI Industry Garners Monumental Investments
posted 11 Dec 2023
French startup Mistral AI has secured an investment of 385 million euros in its most recent funding round, which was spearheaded by Andreessen Horowitz (a16z) and Lightspeed Ventures. This infusion has raised the company's valuation to $2 billion.
The startup's co-founders include former experts from Google DeepMind and Meta.
Mistral AI specializes in open-source generative artificial intelligence (AI) tools and chatbot development. The project is committed to a decentralized and conscientious approach to technology development.
Mistral AI is setting its sights on making its products widely available in early 2024.
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