Mistral raises $644M at $6.4B valuation

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Top stories today:

  1. Mistral raises $644M at $6.4B valuation
  2. Elon drops suit against OpenAI, who fights back against accusations
  3. CPI, core CPI expected at 0.1% / 3.4% and 0.3% / 3.5%
  4. 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

It’s 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: Mistral’s models have so far underperformed

  • It’s 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.

  • Updates on the latest innovations from companies like Tesla, Microsoft and Nvidia.

  • Analysis on the high-stakes decisions from all markets.


3. Elon drops suit against OpenAI, who fights back against privacy accusations

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