TLDR · BIG TECH & STARTUPS

MISTRAL AI, A PARIS-BASED OPENAI RIVAL, CLOSED ITS $415 MILLION FUNDING ROUND

techcrunch.com3 min read

Summary from the TLDR newsletter

Mistral AI has closed its Series A funding round, raising around $415 million. The company, which is valued at roughly $2 billion, is opening up its commercial platform today. The platform will allow developers to access the Mistral 7B model, Mistral-medium, and the new Mixtral 8x7B model, which uses a router network to process input tokens and choose the most apt group of parameters to give answers. Mixtral 8x7B has been released under the Apache 2.0 license and is available as a free download.