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Mistral opens a Munich hub for Physics AI and Industrial AI research, partnering with German industry.
Mistral, an AI company, is opening a hub in Munich to develop artificial intelligence applications for German industry. The hub will focus on Physics AI and Industrial AI, capabilities designed to solve complex engineering problems in manufacturing, automotive, energy, and aerospace sectors. Mistral emphasizes that its technology architecture keeps data and computation on customers' own infrastructure under European law, rather than relying on vendor-controlled servers. The company plans to build one gigawatt of European compute capacity by 2030 and has formed a research partnership with a technical university to develop digital twins for automotive aerodynamics.
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Anthropic sets IPO price range of $70 to $78 per share to reach an implied valuation of $1.404 trillion
The company could end up being worth a hefty $1.404 trillion if its shares list at the top of the price range, on a fully diluted basis.
Also reported by SiliconANGLE
Anthropic reportedly plans to move forward with IPO plans
The AI company is expected to set its valuation range this week, the Wall Street Journal reported.
Also reported by The Verge
AI agent tooling provider LangChain secures $300M investment
LangChain Inc., a startup with a set of popular open-source tools for building artificial intelligence agents, has raised $300 million in funding. The Wall Street Journal reported today that Alphabet Inc.’s CapitalG fund led the round. It was joined by IVP, Sapphire Ventures, GIC and DFJ Growth. LangChain is now worth $3 billion. San Francisco-based […] The post AI agent tooling provider LangChain secures $300M investment appeared first on SiliconANGLE.
Taiwan’s chipmaking giant TSMC to invest $1B in Anthropic, OpenAI
Top chip manufacturer TSMC is ready to invest $1 billion in Anthropic and OpenAI. That would give the Taiwanese chipmaker direct stakes in leading AI developers, even as its own contract chipmaking business has profited enormously from the AI data center buildout. The chipmaker’s board approved plans to invest up to $500 million in OpenAI preferred stock reserved for large investors and another $500 million to purchase Anthropic common shares at the latter’s expected IPO price, according to Reut
Anthropic Seeks Record $88.5B Tied To Public Market Debut
Anthropic is seeking to secure up to $88.5 billion in its planned IPO and a concurrent private placement, potentially making it the largest-ever fundraise tied to a public market debut. On Tuesday, the AI giant submitted an updated S-1 filing for its upcoming public offering, unveiling new details including a proposed share price range offering size. The offering could set a fully diluted valuation of up to $1.4 trillion for the San Francisco company. Anthropic’s expected valuation comes in belo
Norwest pushes deeper into AI with new $4B fund
This is the investment firm's largest fund to date.