AI Company Valued at $260 Million. It’s Only Four Weeks Old.
<p>Before you read my article, take a quick look at this <a href="https://mistral.ai/" rel="noopener ugc nofollow" target="_blank">website</a>.</p>
<p>Seems like the most <em>‘mid’</em> website ever, <em>right? </em>Literally three lines of text, a cinematic background, and a link to contact the team.</p>
<p>A high-school project at most.</p>
<p>The reason for this is simple. This is a company with no customers, almost no team besides its founders, and no product.</p>
<p>Not. one. single. product.</p>
<p>And the reason for all of this is because the company didn’t exist one month ago… as it’s just four weeks old.</p>
<p><em>And why am I talking about such a pointless topic?</em></p>
<p>Because this company has been valued at a staggering $260 million after raising $113 million to try and build a vision that, if achieved, will be one of the greatest successes in the history of open-source AI.</p>
<p><em>Why?</em></p>
<p>Because it’s promising the best open-source generative AI models for a future where, for once, power and profits aren’t secured by the same bunch of trillion-dollar companies.</p>
<p><em>But is this the most absurd valuation in the history of capitalism, or is a promise really worth $260 million when made by the right people?</em></p>
<p>Let’s find out.</p>
<blockquote>
<p>If you want to feel up-to-date with the frenetic world of AI while also feeling inspired to take action or, at the very least, to be well-prepared for the future ahead of us, you will love my free, weekly newsletter on AI.</p>
<p><strong>Subscribe below</strong>to change your perspective of AI and, in the meantime, harness the power to change your life below:</p>
</blockquote>
<p><a href="https://medium.com/@ignacio.de.gregorio.noblejas/ai-company-valued-at-260-million-its-only-four-weeks-old-80b7508fcadd"><strong>Click Here</strong></a></p>