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INSANE: 4 | Vintage Vibes

A day after raising $500 million, AI startup Cohere told staff it was laying off about 20 employees

On Monday generative AI model startup Cohere celebrated a fresh $500 million in new funding at a $5.5 billion valuation, and on Tuesday company said it was laying off about 20 employees (out of close to 400).

The VC behind Mistral, Revolut and Slack just raised $2.3 billion to invest in long-term AI champions: ‘The era of the quick buck mentality is over’

The VC behind Mistral, Revolut and Slack just raised $2.3 billion to invest in long-term AI champions: ‘The era of the quick buck mentality is over’

“We think Europe is going to be one of the most important ecosystems for AI,” Index Ventures's Hannah Seal told Fortune.

Forget STEM. Paris university head says secret to France’s AI brains is a focus on the humanities

Forget STEM. Paris university head says secret to France’s AI brains is a focus on the humanities

The provost of Bernard Arnault and Mistral founder Arthur Mensch's college wants students to be well-rounded.

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The riddle of the BeReal deal

It may not exactly be the venture exit of, say, investor Andreessen Horowitz’s dreams. But keep in mind that BeReal’s peak valuation in 2022 was $600 million, which makes this…a pretty good outcome.

British Regulators Clear Microsoft's Partnership With Mistral

British regulators clear Microsoft's partnership with Mistral, while ongoing reviews continue for other deals.

UK competition watchdog steps up scrutiny of big tech’s role in AI startups

Microsoft and Amazon asked to comment on tie-ups, a move that paves way for formal investigation

The Guardian - UK

AI race heats up as OpenAI, Google and Mistral release new models

Launches within 12 hours of one another, and more activity expected in industry over summer

The Guardian - UK

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Forget OpenAI, Here's the New AI Start-Up Set to Boost Microsoft Stock

Forget OpenAI, Here's the New AI Start-Up Set to Boost Microsoft Stock

The "AI effect" can already be seen in Microsoft's financials - and now, the tech giant is expanding its AI bets beyond OpenAI to a French start-up that has also landed investments from the likes of Nvidia, Salesforce, and Andreessen Horowitz.

Microsoft makes a megadeal with a French AI startup as OpenAI is under investigation for potentially misleading investors during Sam Altman's sudden firing and subsequent reinstatement as CEO

Microsoft makes a megadeal with a French AI startup as OpenAI is under investigation for potentially misleading investors during Sam Altman's sudden firing and subsequent reinstatement as CEO

Microsoft recently got into a $16 million multiyear deal with Mistral. This happened as the Securities and Exchange Commission (SEC) started looking into OpenAI following the board of directors' decision to fire and rehire him as CEO last year.

Windows Central

Microsoft-backed startup launches free AI chatbot Le Chat Mistral

The multilingual helper can understand questions containing up to 20,000 words

Evening Standard

Watch out ChatGPT — Mistral just cut a huge deal with Microsoft for GPT-4 level AI model

Watch out ChatGPT — Mistral just cut a huge deal with Microsoft for GPT-4 level AI model

Mistral has signed a partnership with Microsoft that includes offering its new Large model on Azure.

France's Mistral AI signs partnership with Microsoft

France's Mistral AI signs partnership with Microsoft

Microsoft says it has sealed a "multi-year partnership" that would allow French company Mistral AI to use its platforms including Azure AI, which enables businesses to build apps using AI.

Radio France Internationale

Watch out ChatGPT - this OpenAI rival just unveiled a new chatbot that's totally free

Watch out ChatGPT - this OpenAI rival just unveiled a new chatbot that's totally free

Artificial intelligence startup Mistral’s latest model runs on your laptop, is open source and is performing as well if not better than models from Microsoft-backed OpenAI in tests.

‘It’s just a matter of time’: why AI could help Europe create its own Apple or Google

‘It’s just a matter of time’: why AI could help Europe create its own Apple or Google

Silicon Valley overshadows its transatlantic rivals. But as artificial intelligence grows – and with a global summit on it this week – some think it could offer a Euro startup the chance to become a new Google

The Guardian - UK

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A.I. company raises record $113 million just a month after being founded—despite having no product ready and only just hiring staff

The Paris-based startup wants to build generative A.I. technology like that powering ChatGPT.

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