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

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:) 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.”