AI startup by ex-Meta and Google researchers raises $113M in seed funding
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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 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,
Recently, Sam Altman, the CEO of OpenAI, met South Korean President Yoon Suk Yeol and urged the country to lead the manufacturing of chips needed for AI technology.
OpenAI currently uses chips from Taiwan, but Altman disclosed the likely need for an alternative supply of chips from South Korea in the future.
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