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French AI company Mistral is seeking $1 billion in equity financing, with a valuation of $6.51 billion. The company is known for its open-source large language model and chatbot Le Chat, and has raised a total of $1.19 billion in funding so far. This round of financing will be used for research and development and market expansion. Additionally, it will collaborate with MGX Fund and NVIDIA to build the largest AI data center park in Europe, supporting France's AI sovereignty initiative. Mistral's development will enhance Europe's position in the global AI competition.

French AI firm Mistral plans a $1B funding round with UAE's MGX as potential investor, alongside debt financing. The Le Chat developer, valued at $6.51B, partners with MGX and Nvidia to build Europe's largest AI data center, supporting France's AI sovereignty initiative.....

French AI startup Mistral AI announced on Wednesday its full entry into the AI infrastructure sector, positioning itself as a strong response to American cloud giants from Europe. At the same time, the company also launched a new inference model that can rival the most advanced systems of OpenAI. This Paris-based company released Mistral Compute, an integrated AI infrastructure platform developed in collaboration with NVIDIA (Nvidia), designed to provide European enterprises and governments with alternative solutions to摆脱对

According to information disclosed by OpenAI in its latest report, ChatGPT's search functionality is experiencing remarkable growth in Europe. ChatGPT search allows users to retrieve up-to-date web information via a chatbot and integrate this information into answers. OpenAI Ireland Limited, OpenAI's EU subsidiary, stated that the average monthly active users for ChatGPT search reached approximately 41.3 million in the six months ending March 31st of this year. This figure...

OpenAI's "Stargate Project," a joint initiative with Oracle and SoftBank, is reportedly considering international expansion, specifically targeting the UK, Germany, and France. Initially designed to bolster US artificial infrastructure with a total budget of $500 billion, the project is now rumored to be taking steps towards global markets. Image note: Image generated by AI, licensed through Midjourney. The Stargate Project is currently evaluating the feasibility of overseas expansion.

After a nearly year-long pause, Meta has announced the return of its AI chatbot, Meta AI, to the European market. Starting this week, Meta AI will be rolled out across WhatsApp, Facebook, Instagram, and Messenger in 41 European countries and 21 other regions, but initially only with text-based chat functionality. Meta AI initially launched in the US in 2023. Although Meta had planned to bring the assistant to Europe, it was delayed due to concerns in Ireland.

Recently, Tencent's Hunyuan Video Model has officially begun recruiting testing partners on Platform X, marking a critical testing stage for this cutting-edge AI video generation technology. According to official sources, there is a high probability that the model will be open-sourced after the testing concludes, contributing its technological achievements to the global AI community. The Hunyuan Video Model is an important innovation by Tencent in the field of AI video generation, boasting over 13B parameters, making it one of the largest video generation models among open-source models.

Recently, the UAE and France reached a significant agreement to jointly construct a grand AI park. This project will include a powerful data center, expected to have computing capabilities of up to one gigawatt, marking another important investment in Europe’s artificial intelligence sector. The agreement was signed in the presence of French President Emmanuel Macron and UAE President Mohamed bin Zayed Al Nahyan. Image source note: Image generated by AI, image licensed by Midjourney according to the agreement, this AI park

Recently, artificial intelligence development company OpenAI announced that it will allow some European customers to store and process data related to their interactions with the chatbot within the European Union, rather than storing the data in the United States or elsewhere. This move highlights the profound impact of EU regulations on large digital platforms and AI developers concerning data usage. Image source note: The image is generated by AI, and the image licensing provider Midjourney has paid fees for companies and educational institutions to use the chatbot.

Recently, Meta CEO Mark Zuckerberg's alliance with Trump and his significant denial of European values have raised a troubling question: Should European organizations continue to use Meta's AI models? Not long ago, Meta criticized the EU for blocking its use of European user data to train AI models, claiming this data is crucial for localizing technology. However, Zuckerberg's recent statements are at odds with these values, as he announced plans to cooperate with the Trump administration to oppose so-called external governance.

In the context of intensifying global competition in artificial intelligence (AI), Skype co-founder Niklas Zennström is optimistic about Europe's future. He believes that despite the dominance of the United States in this field, Europe can still find its own path to survival and development by developing applications based on AI models. Image credit: Image generated by AI, image authorized by service provider Midjourney. Zennström pointed out that AI has already become essential in various industries.

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...

Recently, the sales performance of Meta's smart glasses, launched in collaboration with Ray-Ban, has been impressive in Europe. In some stores, Meta's smart glasses have even surpassed traditional Ray-Ban sales prior to the launch of AI features. According to the latest report, the smart glasses named Ray-Ban Meta have become the best-selling product in 60% of Ray-Ban stores. This information comes from the CFO of EssilorLuxottica.