Execution time2024-05-10 04:16
‘MS Investment’ Mistral Value Triples in 6 Months… Musk Wins xAI Worth 24 Trillion
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(San Francisco = Yonhap News) Reporter Kim Tae-jong = AI startup companies that are being evaluated as competitors to Open AI are attracting huge funds as their market value has risen sharply.
The Wall Street Journal (WSJ) reported on the 9th that Mistral AI (hereinafter referred to as Mistral), a French artificial intelligence (AI) startup invested by Microsoft (MS), is seeking to raise approximately $600 million (KRW 820 billion) in funding (local time).
It’s been six months since the company raised around 700 billion won at the end of last year.
WSJ reported that Mistral is valued at $6 billion (8.2 trillion won) through this financing.
Mistral was sold for $2 billion in December last year, but its value tripled in less than six months. It is about a year since it was established in April last year.
This startup, founded by former Google and Meta researchers, is only a year old, but it is being evaluated as ‘Europe’s Open AI’.
Last February, it launched ‘Le Chat’, a self-generated AI similar to ChatGPT, and received investment by signing a partnership with Microsoft, which invested $13 billion in Open AI.
Mistral’s AI model has been installed so that it can be used not only in the Microsoft Azure cloud service, but also in Google Cloud and Amazon Cloud AWS.
The CEO is Arthur Mensch, 31 years old this year, whose goal is to “develop and commercialize low-cost AI tools for enterprises that can achieve ChatGPT-like performance, thereby surpassing Silicon Valley leaders such as OpenAI and Google in the Competition AI.” WSJ said it does.
In addition, the newspaper explained that Mistral has about 60 employees, and unlike Meta and OpenAI, which employ hundreds of people to create AI models, the company is lean.
Tesla CEO Elon Musk’s AI startup xAI is expected to complete a major fundraising round as early as this week.
Bloomberg News previously reported that xAI is valued at $18 billion (about KRW 24.6 trillion) and is seeking to raise $6 billion (KRW 8.2 trillion).
xAI is an AI startup founded by Musk in July last year as a competitor to Open AI. Last December, we launched ‘Grock’, a productive AI similar to ChatGPT.
taejong75@yna.co.kr
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2024/05/10 04:16 Sent
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