Welcome to the Tech Meme Right Home for Monday, December 11th,

2023. I'm Brian McCullough today. I told you the open source AI startups

were coming and a big one is making waves today.

Apple's iPad lineup is hell confusing but Mark Germin says they're working on that

and let me give you the whole background on that effective accelerationist movement you might have

been hearing about online.

Here's what you miss today in the world of tech.

Let's open this week with an interesting raise. Paris-based Mistral AI has raised

385 million euro from A16 Z, Light Speed, and others, sources say at around a $2 billion valuation.

This is interesting for a couple of reasons.

First, they're only eight months old, They're only 22 people in total.

But the founders are X Meta and Google AI

folk.

Also, they're entirely an open source play.

So when I've been telling you that the new hotness in AI at the moment is

open source, well this might be example 1A, quoting the times. The startup's value has increased

more than sevenfold in just six months.

In the summer it raised a seed funding round of 105 million euros, about $113 million, that valued

the company at about $260 million.

Mistro builds technology that other businesses can use to deploy

chatbots, search engines, online tutors, and other AI-driven products.

It is among a small group of companies, including the industries giants and a handful of startups that are building AI that could rival technology under development at open AI.

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