AI Wars | Nvidia participates in Mistral AI’s 5 billion financing – EJ Tech

originalPublished in Hong Kong Economic Times Financial NewsEJ Tech Innovation Lab“

French Artificial Intelligence (AI) StartupsMistral Artificial IntelligenceAnnounced that it raised 5.8 billion euros (approximately 48.94 billion Hong Kong dollars)B round financing 600 million euros(about HK$5.06 billion), led by US venture capital firm General Catalyst. Financial TimesMentionedSeveral existing investors, including venture capital firms Lightspeed, Andreessen Horowitz, BNP Paribas, and others, followed suit. Other backers included Nvidia, Salesforce, Samsung, and IBM.

Mistral AI was founded in April 2023 and became a unicorn (i.e., a company with a market value of more than US$1 billion) in just one year. It currently has about 60 employees, 45 of whom are in France and the rest in the United Kingdom and the United States. Most of them are engaged in product development and research. Microsoft invested 15 million euros (approximately HK$126 million) in February this year, and the two parties established a long-term cooperative relationship. French President Macron mentioned in May this year that he hopes Mistral AI will develop independently on its own and become a “big player” in the European technology industry, rather than being sold to leading American companies.

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