Mistral

Breaking News: Apple Abandons Car Project, Google AI Falters, Bumble Experiences Setback

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Elsewhere, Mistral, the French AI startup, launched a new model to rival OpenAI’s GPT-4 — and its own cheekily named chatbot dubbed Le Chat. NewsApple car canceled: Apple has scuttled its secretive, long-running effort to build an autonomous electric car. Bumble stumbles: Bumble posted weak Q4 results showing a $32 million net loss and $273.6 million in revenue — below Wall Street expectations. Google’s AI goes awry: Google has apologized for an embarrassing AI blunder this week: An image-generating model that injected diversity into pictures with a farcical disregard for historical context. PodcastsOn Equity, the crew talked through startup news from Microsoft and Mistral AI, Thrasio and Glean — and also covered happenings over at COTU Ventures and Zacua Ventures.

Mistral AI receives $16 million investment from Microsoft

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But Microsoft and Mistral AI buried the news — or at least an important part. At the time, the company raised €385 million (around $415 million) with Andreessen Horowitz (a16z) leading the investment round. Unlike previous Mistral AI releases, Mistral Large isn’t open source. With this investment, Microsoft is now an investor in OpenAI’s capped profit subsidiary and Mistral AI. As for Mistral AI, the so-called European AI champion looks more and more like its American competitors with a closed-source approach and a long list of American backers.

Mistral AI unveils cutting-edge competitor to GPT-4 alongside revolutionary chat assistant

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Paris-based AI startup Mistral AI is gradually building an alternative to OpenAI and Anthropic as its latest announcement shows. Founded by alums from Google’s DeepMind and Meta, Mistral AI originally positioned itself as an AI company with an open-source focus. Mistral AI’s business model looks more and more like OpenAI’s business model as the company offers Mistral Large through a paid API and usage-based pricing. Mistral AI claims that it ranks second after GPT-4 based on several benchmarks. The first benefit of that partnership is that Mistral AI will likely attract more customers with this new distribution channel.