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.
Prediction Markets Scale Up as Volumes Surge, But Regulation and Liquidity Remain Key Constraints
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
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
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
