Mistral AI Secures 4.5 Billion Euros in Funding, Valuation Approaches 2 Billion USD
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French startup Mistral AI announces additional funding of $350 million, valuing the company at $2 billion. The Mistral7B open-source model is characterized by its small parameters, low energy consumption, and high performance, backed by investors such as NVIDIA and Salesforce. The founding team brings extensive experience from Meta and Google AI labs, with the model excelling in benchmark tests. The previous $113 million seed round set the largest record in European tech history. This new funding will accelerate Mistral AI's growth in the open-source sector, highlighting the critical role of open-source in the path to AGI.
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