Mistral Raising at $5B Valuation Months After Raising at $2B

Plus AMD introduces AI PC chips

Author

Nathaniel Whittemore
April 17, 2024

The AI Breakdown First Five - Wednesday April 17, 2024

Today on the First Five:

  • 5. Snap Adding Watermarks to AI Generations

  • 4. Goldman Sachs on the AI Financing Opportunity

  • 3. AMD Introduces AI Chips for PCs

  • 2. Microsoft Invests $1.5B in G42 in Major AI Geopolitics Move

  • 1. Mistral Raising at a $5B Valuation

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Mistral CEO Arthur Mensch

5. Snap Adding Watermarks to AI Generations

As companies work to figure out how to enable AI without enabling misinformation, Snap has announced that they’ll be adding a visible watermark to AI photos created with their app. They say removing the watermark will violate the company’s TOS.

4. Goldman Sachs on the AI Financing Opportunity

Wall Street continues to buzz with AI potential. BlackRock’s Larry Fink recently discussed the productivity gains that could result. Blackstone’s Steve Schwarzman chatted about the opportunity in financing data centers. Goldman Sachs’ David Solomon said that more broadly the financing opportunity to help companies transition to AI is huge.

3. AMD Introduces AI Chips for PCs

The push to get AI running locally on personal devices is a big one, and AMD has announced that custom built AI PC chips will soon be available for computers built by HP and Lenovo.

2. Microsoft Invests $1.5B in G42 in Major AI Geopolitics Move

Throughout last year, US security agencies were flagging concerns around UAE-based G42 as a conduit for China to get access to advanced US technology including AI. Now, the US Commerce Department has facilitated an investment from Microsoft that sees G42 moving away from China and towards the US.

1. Mistral Raising at a $5B Valuation

Just a few months after raising money at a $2B valuation, Mistral is in talks to raise more at $5B. While it may seem crazy, at this point Mistral has demonstrated themselves to be one of the very small number of credible players in the frontier model space.

Bonus: Changing Vectors to Match Your Brand

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