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- Mistral in talks to raise money at $5B valuation
Mistral in talks to raise money at $5B valuation
Bay Area Times
April 17, 2024
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Top stories today:
- Mistral in talks to raise money at $5B valuation
- Powell: recent data indicate “likely to take longer” for rate cuts
- U.S. digital ad revenue +7% to $225B in 2023
- Trump's Truth Social -71% from peak to $3.1B market cap
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.
Correction from yesterday: Bored Ape NFT prices -90% from 2022 peak, to ~$33K each, not ~$3K each.
1. Mistral in talks to raise money at $5B valuation
It would make Mistral the 6th most valued gen. AI startup:
Mistral raised $415M at $2B in Dec.
Cohere is also nearing a $5B valuation round, with $22M in annualized revenues.
Mistral’s best model ties for #10 in LMSYS’s Chatbot Arena Leaderboard
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3. Powell: recent data indicate “likely to take longer” for rate cuts
“The recent data have clearly not given us greater confidence and instead indicate that is likely to take longer than expected to achieve that confidence.”
“Given the strength of the labor market and progress on inflation so far, it is appropriate to allow restrictive policy further time to work and let the data and the evolving outlook guide us.”