A trio of researchers created a new AI startup just two months ago.
In this short period of time it has already reached a valuation of $260 million.
Artificial intelligence is at the core of the new tech revolution looming over every industry
Mistral AI,
a company established just a month ago and hailed as a potential rival to
OpenAI, the creators of ChatGPT, has just raised $113 million in seed funding.
The latest financing round has boosted the startup's valuation to $260 million.
The project is led by former Meta and Google DeepMind employees specializing in artificial intelligence (AI) research.
ChatGPT Competitor with
Roots in Facebook and Google
The goal of
creating Mistral AI was to develop open-source generative AI models. Arthur
Mensh, one of the project's co-creators and its current CEO, previously worked as
a research scientist for Google. The other two founders, Timothee Lacroix and
Guillaume Lample, developed AI solutions for Meta and Facebook.
According
to Mensh, the latest round of funding will provide the resources and
opportunities necessary to showcase a new generative AI model to the world. The
product is intended to combine scientific quality with an open-source approach,
delivering socially responsible technology to the end user.
Mistral AI co-founders: Guillaume Lample and Arthur Mensch. Source: Medium
"We
are proud to initiate this global project from France, our home country, and to
contribute, at our level, to the emergence of a credible new player in
generative artificial intelligence from Europe," Mensch commented on his
LinkedIn profile. "Over the coming months, we will be focusing all our
energy and passion on honoring the trust placed in us by our investors."
Lightspeed
Venture Partners led the funding round in collaboration with companies, such as
Motier Ventures and JCDecaux. The trio of founders is currently assembling a
team and plans to showcase the first models of Mistral AI next year.
"We
believe that Europe has a decisive role to play in the AI field," Antoine Moyroud, a Partner at Lightspeed, commented in a Medium post.
AI to Transform the FX/CFD
Industry
OpenAI, the
company behind ChatGPT, was established in 2015, but only in recent quarters
has it hit the headlines. The universally accessible language model showed how
artificial intelligence could change daily work, improve information searches and affect
numerous sectors of the economy. As it turns out, it also affects the
investment industry, including FX and CFDs.
The first
examples of this are already present. At the end of May, MetaQuotes, a provider
of the popular MetaTrader trading platforms, introduced an AI coding assistant.
A month earlier, Tiger Brokers, the trading brand of a leading online brokerage
firm focusing on Chinese investors UP Fintech Holding Limited, presented an
alternative to the artificial intelligence (AI) chatbot ChatGPT, dubbed
TigerGPT.
On top of that, artificial
intelligence is emerging in the cryptocurrency market. Bitget,
a crypto derivative and copy trading provider, has joined forces with Fetch.ai,
an artificial intelligence blockchain platform. Bitget has committed $10
million to support the growth of the Fetch.ai ecosystem.
Interest in
AI has led investors to increasingly bet on the shares of companies that can
benefit the most from the latest technology boom. Following the release of
ChatGPT in late November 2022, eToro, a social trading and investment platform,
experienced a surge in AI stock trading activity among traders, especially
those aged 55 and over. The growing interest in AI is perfectly
illustrated by the condition of Nvidia Corporation on Wall Street. Since the
beginning of the year, its shares have recorded an impressive increase of 180%.
According to many, it is one of the contenders to become a leader in the transformation
of technology towards artificial intelligence.
Mistral AI,
a company established just a month ago and hailed as a potential rival to
OpenAI, the creators of ChatGPT, has just raised $113 million in seed funding.
The latest financing round has boosted the startup's valuation to $260 million.
The project is led by former Meta and Google DeepMind employees specializing in artificial intelligence (AI) research.
ChatGPT Competitor with
Roots in Facebook and Google
The goal of
creating Mistral AI was to develop open-source generative AI models. Arthur
Mensh, one of the project's co-creators and its current CEO, previously worked as
a research scientist for Google. The other two founders, Timothee Lacroix and
Guillaume Lample, developed AI solutions for Meta and Facebook.
According
to Mensh, the latest round of funding will provide the resources and
opportunities necessary to showcase a new generative AI model to the world. The
product is intended to combine scientific quality with an open-source approach,
delivering socially responsible technology to the end user.
Mistral AI co-founders: Guillaume Lample and Arthur Mensch. Source: Medium
"We
are proud to initiate this global project from France, our home country, and to
contribute, at our level, to the emergence of a credible new player in
generative artificial intelligence from Europe," Mensch commented on his
LinkedIn profile. "Over the coming months, we will be focusing all our
energy and passion on honoring the trust placed in us by our investors."
Lightspeed
Venture Partners led the funding round in collaboration with companies, such as
Motier Ventures and JCDecaux. The trio of founders is currently assembling a
team and plans to showcase the first models of Mistral AI next year.
"We
believe that Europe has a decisive role to play in the AI field," Antoine Moyroud, a Partner at Lightspeed, commented in a Medium post.
AI to Transform the FX/CFD
Industry
OpenAI, the
company behind ChatGPT, was established in 2015, but only in recent quarters
has it hit the headlines. The universally accessible language model showed how
artificial intelligence could change daily work, improve information searches and affect
numerous sectors of the economy. As it turns out, it also affects the
investment industry, including FX and CFDs.
The first
examples of this are already present. At the end of May, MetaQuotes, a provider
of the popular MetaTrader trading platforms, introduced an AI coding assistant.
A month earlier, Tiger Brokers, the trading brand of a leading online brokerage
firm focusing on Chinese investors UP Fintech Holding Limited, presented an
alternative to the artificial intelligence (AI) chatbot ChatGPT, dubbed
TigerGPT.
On top of that, artificial
intelligence is emerging in the cryptocurrency market. Bitget,
a crypto derivative and copy trading provider, has joined forces with Fetch.ai,
an artificial intelligence blockchain platform. Bitget has committed $10
million to support the growth of the Fetch.ai ecosystem.
Interest in
AI has led investors to increasingly bet on the shares of companies that can
benefit the most from the latest technology boom. Following the release of
ChatGPT in late November 2022, eToro, a social trading and investment platform,
experienced a surge in AI stock trading activity among traders, especially
those aged 55 and over. The growing interest in AI is perfectly
illustrated by the condition of Nvidia Corporation on Wall Street. Since the
beginning of the year, its shares have recorded an impressive increase of 180%.
According to many, it is one of the contenders to become a leader in the transformation
of technology towards artificial intelligence.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Robinhood Shares Surge 11% as Fintech Seeks Independence From Kalshi in Prediction Markets
Marketing in 2026 Audiences, Costs, and Smarter AI
Marketing in 2026 Audiences, Costs, and Smarter AI
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Educators, IBs, And Other Regional Growth Drivers
Educators, IBs, And Other Regional Growth Drivers
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
The Leap to Everything App: Are Brokers There Yet?
The Leap to Everything App: Are Brokers There Yet?
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Mind The Gap: Can Retail Investors Save the UK Stock Market?
Mind The Gap: Can Retail Investors Save the UK Stock Market?
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
