Created by alumni from Meta and Google, Mistral is just a year old and has already raised more than $1 billion in total from investors, leading to eye-popping valuations.
Elon Musk, who founded xAI last year, has said the business βstill has a lot of catching up to doβ as it looks to compete with well-funded companies like OpenAI.
Ampla, which lent money to smaller businesses that sold clothing, home furnishings and other items directly to consumers, is struggling financially and seeking a buyer.
Ben Perkins, the founder of &Collar, a menβs dress shirt company, was told by an Ampla representative last month that his businessβs credit line had been frozen.
Marc Andreessen, Chamath Palihapitiya and several other tech venture capitalists are increasingly criticizing President Biden and making their disaffection known in an election year.
The London-based developer of artificial intelligence systems for self-driving vehicles raised the funding from SoftBank, Nvidia, Microsoft and others.
The table stakes for small companies to compete with the likes of Microsoft and Google are in the billions of dollars. And even that may not be enough.