A brand new synthetic intelligence (AI) startup and rival to the creator of ChatGPT, OpenAI, has raised $113 million in seed funding, taking its valuation to $260 million simply two months after launch.
Former AI researchers – who beforehand labored for Google (NASDAQ:) DeepMind and Meta – co-founded Mistral AI in Might 2023 to develop open supply generative AI fashions. Arthur Mensch, co-founder and CEO of the corporate, mentioned that the primary spherical of funding “will give us the assets and community we have to begin deploying a brand new mannequin of generative synthetic intelligence.”
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