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

Published 06/14/2023, 03:43 AM
Updated 06/14/2023, 05:20 AM
© Reuters.
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A new artificial intelligence (AI) startup and rival to ChatGPT creator, OpenAI, raised $113 million in seed funding, bringing its valuation to $260 million just two months after its launch.

Former AI researchers — previously working for Google (NASDAQ:GOOGL) DeepMind and Meta — co-founded Mistral AI in May 2023 to develop open-source generative AI models. Arthur Mensch, the co-founder and CEO of the company, said that the first round of funding “will give us the resources and network we need to start rolling out a new model of generative artificial intelligence.”

Mistral AI co-founders Guillaume Lample, Arthur Mensch and Timothée Lacroix (left to right). Source: Medium
Mistral AI unfinished official website. Source: Mistra.AI
OpenAI CEO Sam Altman and Korean President Yoon Suk Yeol shake hands at the Yongsan District, central Seoul presidential office on June 9. Source: Yonhap News Agency

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