Brought to you by:
Top stories today:
- Mistral in talks to raise money at $5B valuation
- Powell: recent data indicate ālikely to take longerā 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.
Mistralās best model ties for #10 in LMSYSās Chatbot Arena Leaderboard
Dive into the world of AI and discover how it can propel your business forward with practical insights and expert advice.
Harness the power of AI to automate tasks, enhance decision-making processes, and gain a competitive edge in your industry.
Join the ranks of successful entrepreneurs leveraging AI to drive growth and innovation in their ventures.
Don't miss out on this opportunity to unlock your business's full potential. Download HubSpotās free AI for Business Builders guide and unlock the potential of AI for your success!
*Sponsored.
3. Powell: recent data indicate ālikely to take longerā for rate cuts
āThe recent data have clearly not given us greater confidence and instead indicate that is likely to take longer than expected to achieve that confidence.ā
āGiven 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.ā
