Mistral AI's mega fundraise is a red flag for many concerned about inclusivity - TechCrunch
🥇 Bonuses, Promotions, and the Best Online Casino Reviews you can trust: https://bit.ly/BigFunCasinoGame
Mistral AI's mega fundraise is a red flag for many concerned about inclusivity - TechCrunch
Often, when people ask me how the venture and startup market is doing, I have to take a moment. The easy answer is that we’re seeing a downturn. The correct answer is more nuanced: There is indeed a downturn, but it is impacting some much more than others.
One example of this as clear as day is Mistral AI’s recent $113 million seed fundraise. The company, founded by three French white men, was started just four weeks ago and doesn’t even have a product yet. That round, which values the company at $260 million, is being hailed as Europe’s largest seed round to date.
Mistral AI’s fundraise is, in some ways, unique to this point in time. There is much frenzy around AI right now, and this round did see some U.S. and international investors participating, which you don’t often see happening for many French startups.
But there are some things that don’t change, regardless of what’s hyped. The market may be improving for AI startups, but we’ve yet to see much money going to women or people of color. Don’t get me wrong, women are receiving money for building in AI (Black founders, not so much), but not at the rates at which men appear to be. Of course, these three French men fit the profile of those who are likely to receive a $113 million pre-seed check: ambitious Google’s Deep Mind and Meta alums, two of whom have diplomas from the École Polytechnique, practically the MIT of France.
Sure, there is more of an effort to back women in France today, but the fundraising environment for some French Black founders remains both obviously and discreetly discriminatory, which is unsurprising given the overall treatment of Black individuals in the country. There isn’t enough data on how many women and people of color are even looking for funding in France (tracking minority metrics in France is illegal, so such data does not exist), making it hard to gauge how much underrepresented founders raise.
#AINews, #ArtificialIntelligence, #FutureOfTech, #AIAdvancements, #TechNews, #AIRevolution, #AIInnovation, #AIInsights, #AITrends, #AIUpdates
-
40:55
Matt Kim
2 hours agoMissouri AG Andrew Bailey explains his LAWSUIT against NY for Trump's Prosecution | Matt Kim #101
10.7K18 -
27:40
TudorDixon
4 hours agoJoe Biden's Cognitive Issues with Rep. Ronny Jackson | The Tudor Dixon Podcast
1674 -
2:05:21
The Quartering
3 hours agoTim Pool Vs Youtube, Dr Disrespect Updates, The Acolyte Feminist Backfire & Disney Busted!
31.4K21 -
1:33:22
MTNTOUGH Fitness Lab
1 day agoKyle Thompson: Real Men Are Spiritually Resilient
452 -
LIVE
MissesMaam
7 hours agoGrinding Achievement + Perfection | Stardew Valley 💚✨ pt. 35
698 watching -
2:21:49
Due Dissidence
9 hours agoAssange FREE After Plea Deal, CNN Anchor KICKS OFF Trump Press Sec, Boeing Starliner STUCK in Space
11.8K15 -
11:45
Bearing
1 day agoJust Stop Oil - Climate Crusaders or Eco Patsies?
47.6K30 -
1:54:44
Barstool Yak
6 hours agoThe Yak with Big Cat & Co. Presented by Rhoback | The Yak 6-25-24
34.7K3 -
8:32
Vigilant News Network
2 hours agoNew Biden “Conspiracy Theory” Makes a Lot of Sense | Beyond the Headlines
21.7K9 -
1:28:51
Russell Brand
6 hours agoBREAKING: JULIAN ASSANGE IS FREE, what does it really mean? With Neil Oliver - Stay Free 393
119K233