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Top stories today:
- Mistral raises $644M at $6.4B valuation
- Elon drops suit against OpenAI, who fights back against accusations
- CPI, core CPI expected at 0.1% / 3.4% and 0.3% / 3.5%
- FOMC expected to keep rates at 5.25% - 5.50% at 2 PM ET
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. Mistral raises $644M at $6.4B valuation
Itās the 6th most valuable generative AI startup:
$2.2B: its previous valuation in Dec.
Led by General Catalyst, but includes a16z, NVIDIA, Salesforce, Samsung, IBM, and others.
Microsoft did not participate, after investing $15M previously.
Our view: Mistralās models have so far underperformed
Itās unclear how they can revert the situation with much less cash than OpenAI, Anthropic, Google, and Meta. Unless they have some non-Transformers technology that is much better than current LLMs.
Insight on the economic trends and policies influencing our global economy.
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3. Elon drops suit against OpenAI, who fights back against privacy accusations
