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

A new artificial intelligence (AI) startup and rival to ChatGPT developer, OpenAI, raised $113 million in seed financing, bringing its evaluation to $260 million just two months after its launch.Former AI scientists– formerly working for Google DeepMind and Meta– co-founded Mistral AI in May 2023 to develop open-source generative AI models. The other 2 co-founders, Timothee Lacroix and Guillaume Lample worked at Facebook AI as a research engineer and research study scientist, respectively.Mistral AI co-founders Guillaume Lample, Arthur Mensch and Timothée Lacroix (left to right). At the time of composing, the freshly formed Mistral AI did not have any social media existence either.Related: UK to get early or concern gain access to to AI models from Google and OpenAIRecently, Sam Altman, the CEO of OpenAI, satisfied South Korean President Yoon Suk Yeol and advised the country to lead the production of chips required for AI technology.OpenAI CEO Sam Altman and Korean President Yoon Suk Yeol shake hands at the Yongsan District, central Seoul presidential office on June 9.