ai news this week

AI Generative AI Large Language Models Startups

Mistral Raising at $5B Just 4 Months After Raising at $2B

Mistral, renowned for its open-source LLM contributions, is set to raise funds at a $5 billion valuation, a substantial increase from the $2 billion valuation just four months ago. This rapid valuation growth follows Mistral’s strategic partnership with Microsoft, leveraging non-open-source models through Azure to hint at substantial revenue paths. The company also recently released […]

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AI Business Generative AI

Is Stability AI In Financial Trouble?

While there is a lot to celebrate in the AI and Gen AI space, the harsh reality of compute costs are sinking in. The AI Breakdown: Artificial Intelligence News highlights a Bloomberg reports that the company is burning $8m/month while only making $1.2m-$3m, and that investor pressure on the company is mounting. Is it an […]

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