17 April 2024 – It was revealed on Tuesday by The Information that the French technology firm Mistral AI has been in discussions with potential investors over the possibility of obtaining several hundred million dollars at a value of $5 billion.
According to the story, which cited a source with firsthand knowledge of the subject, it needs to be made clear who investors Mistral has discussed a fresh investment round with. A request for comment from Reuters that was made outside of normal business hours was not immediately met with a response from Mistral.
Microsoft made an investment of sixteen million dollars in Mistral in February. It formed a partnership with the company to cooperate with them in order to make its artificial intelligence models accessible via its Azure cloud-computing platform.
Conclusion
Legislators in the European Union have demanded a probe into what they perceive to be a concentration of power on the side of the technological giant, which has prompted the European Union to review the relationship. Additionally, the article said that the firm, which has just recently started to produce money, was successful in raising $415 million in December.
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