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WSJ Tech News Briefing

TNB Tech Minute: French AI Startup Raises $650 Million

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 11 June 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus, Apple stock hits record high. And Raspberry Pi shares soar on their first day of trading. Zoe Thomas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Z-Scaler extended its Zero Trust architecture with powerful AI engines trained by 500 trillion daily signals

0:07.8

to prevent ransomware and AI attacks that target business.

0:11.7

Z-scaler Zero Trust plus AI. Learn more at Z-scaler

0:16.0

dot com slash Zero Trust AI. Here is your TMB Tech Minute for Tuesday, June 11th. I'm Zoe Thomas for the Wall Street Journal.

0:27.0

French startup Mistral AI raised 600 million euros, about $646 million from NVIDIA, sales force, and other investors.

0:37.0

The company is looking to gain scale in a market dominated by Open AI, the maker of

0:41.2

ChatGPT and Silicon Valley Giants.

0:44.5

The announcement comes a month after the Wall Street Journal reported that Mistral AI was

0:49.0

nearing a deal to raise funds at a roughly $6 billion valuation.

0:53.6

Wall Street Journal owner News Corp

0:55.3

has a content licensing partnership with Open AI.

0:59.5

Apple's stock had its first record close of the year,

1:02.7

according to Dow Jones market data.

1:04.8

It came a day after the iPhone maker

1:06.6

announced plans for a personalized version

1:08.8

of artificial intelligence for its device users

1:11.5

called Apple Intelligence.

1:13.0

Shares rose over 7%.

1:15.0

Apple's market value jumped by 215 billion dollars,

1:19.0

its biggest ever one-day gain, to a record closing high of 3. 176 trillion dollars.

1:26.6

And shares of UK low-cost computer maker Raspberry Pie soar during their initial trading day

1:32.2

on the London Stock Exchange.

...

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