Day: 29 February 2024

AI photo editor Photoroom hits $500 million valuation after raising $43 million

Paris-based AI photo editing app Photoroom has reached another milestone following a successful funding round which raised a total of  $43 million. Photoroom has now reached a valuation of $500 million as per CEO and co-founder Matthieu Rouif, who co-founded […]

Microsoft invests $16 million in Mistral AI as part of its partnership

French AI startup Mistral recently unveiled a new large language model (LLM) called Mistral Large, which is set to rival OpenAI’s GPT 4. It also announced its own chatbot that makes use of the Mistral Large model and released it […]

Meta’s Llama 3 expected to be 2x bigger, set to launch in July

Llama 3, social media giant Meta’s next-in-line open-source AI model is expected to rival OpenAI’s GPT 4 and is set to release in July this year, according to The Information’s sources. Sources reveal that this upcoming model version will offer […]