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.
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
