AI startup by ex-Meta and Google researchers raises $113M in seed funding

A brand new synthetic intelligence (AI) startup and rival to ChatGPT creator, OpenAI, raised $113 million in seed funding, bringing its valuation to $260 million simply two months after its launch.

Former AI researchers — beforehand working for Google (NASDAQ:) DeepMind and Meta — co-founded Mistral AI in Might 2023 to develop open-source generative AI fashions. Arthur Mensch, the co-founder and CEO of the corporate, stated that the primary spherical of funding “will give us the sources and community we have to begin rolling out a brand new mannequin of generative synthetic intelligence.”

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