Models

Mistral • Series D

Mistral raises €3 billion in Samsung-led round at €21 billion valuation: French AI startup Mistral has raised a €3 billion Series D funding round led by Samsung. The investment values the company at €21 billion, up from €11.7 billion a year ago. Mistral plans to use the capital to expand into data centers beyond its core focus of developing AI models.

Hugging Face • Nvidia

Nvidia agrees to acquire Hugging Face for $12.93 billion: Nvidia has agreed to acquire Hugging Face, an online hosting platform for open-source AI models, datasets, and tools, for $12.93 billion. Founded in 2016, Hugging Face provides a collaborative space for AI developers to share projects and data.