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Andreessen Horowitz (a16z) is reportedly planning to raise a massive $20 billion fund, significantly bolstering its already substantial investments in the artificial intelligence sector.

Despite the overall risk investment trend in Europe stabilizing, the vigorous development of AI startups may be overlooked. According to data from venture capital firms Balderton Capital and Dealroom, this year 25% of venture capital in Europe (approximately $13.7 billion) has flowed into AI startups, compared to just 15% four years ago. This has led to the emergence of several new unicorns, such as Poolside and Wayve. James Wise, a general partner at Balderton Capital, stated that...

French AI startup Les Ministraux has launched two brand new lightweight models, Ministral3B and Ministral8B, specifically designed for edge devices, with parameters of 3 billion and 8 billion, respectively. Both models excelled in instruction-following benchmark tests, with Ministral3B surpassing Llama38B and Mistral7B, while Ministral8B outperformed both models in all aspects except for coding capabilities.

Mukesh Bansal, founder and CEO of Myntra, India's largest fashion e-commerce site, has announced that his latest AI startup, Nurix AI, has successfully secured $27.5 million in seed and Series A funding. Product link: https://www.nurix.ai/ This round of funding was led by renowned venture capital firms General Catalyst and Accel.