French artificial intelligence company Mistral AI has completed a $113 million seed round financing, led by Lightspeed Venture Partners

2023-06-14 10:25:46

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ChainCatcher news, according to Techcrunch, French artificial intelligence startup Mistral AI has completed a €105 million ($113 million) seed round financing, led by Lightspeed Venture Partners, with participation from Xavier Niel, JCDecaux Holding, Rodolphe Saadé, Motier Ventures, La Famiglia, Headline, Exor Ventures, Sofina, First Minute Capital, and LocalGlobe. Sources indicate that this financing values the company at €240 million ($260 million).

It is reported that the company is a new venture formed by former researchers from DeepMind and Meta, aiming to compete with OpenAI and Google in the construction, training, and application of large language models and generative AI, developing generative artificial intelligence infrastructure. The company plans to release its first text-based generative AI model in 2024. (Source link）

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