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Mistral AI raises 3 billion euros in Europe's largest-ever tech funding round despite lagging behind rivals

Mistral AI closed a €3 billion Series D led by Samsung Electronics, valuing the lab at over €21 billion.

Mistral AI raised €3 billion in what it calls the largest equity round ever by a European tech company, lifting its valuation past €21 billion after ASML valued it near €12 billion in September 2025. Samsung Electronics leads the round with EQT's Scaleup Europe Fund and PSG Equity as co-leads; new investors include Advent, BlackRock-managed funds, and Luxembourg. The company also took an $830 million loan in March to fund its own data centers and serves 125+ enterprise customers including Airbus, ASML, and HSBC. Mistral Medium 3.5 trails open rivals like Qwen and Kimi and doesn't compete with top closed US models.

The Decoder · 9d agoAI industry1

AI is adding to the review load on open-source projects, many of them thinly funded

ACM Technology Policy Council authors warn AI-generated code is overwhelming thinly funded open-source maintainers, raising software supply chain security risks.

Six authors including Simson Garfinkel and Josiah Dykstra, writing for the ACM Technology Policy Council, argue AI coding tools flood open-source projects with contributions that human maintainers must still review. They cite Google's CodeMender agent contributing 72 security fixes to open-source projects, some as large as 4.5 million lines of code, between April and October 2025. Funding is lopsided: the Linux Foundation raised $292,217,236 in 2024 versus $2,379,402 for the Apache Software Foundation. They also note most open-source applications still ship no SBOM despite US and EU mandates, and attackers increasingly plant malicious packages in popular repositories.

Help Net Security · 9h agoAI industry1

Anthropic CEOs wife once asked Epstein to fund porn venture – now steers Claude

Anthropic CEO Dario Amodei's wife Cami Clark once pitched Jeffrey Epstein to fund her porn startup and now informally advises the AI lab.

A Wall Street Journal report, republished by the New York Post, details the previously low-profile past of Cami Clark, wife of Anthropic CEO Dario Amodei. Before marrying Amodei in 2022, Clark co-founded a 'luxury porn' startup called Eddice and in 2012 unsuccessfully pitched Jeffrey Epstein for investment, who declined with 'Can't do sex TV.' Clark previously dated Google co-founder Eric Schmidt for about three years and later introduced him to Amodei; Schmidt became one of Anthropic's key early investors in 2021. Though Clark holds no official role at Anthropic, she reportedly acts as Amodei's strategic adviser and networker as the company moves toward a public listing that could top $2 trillion this fall.

Hacker News · security · 6d agoAI industryHN 20↑ · 0 comments

Former Infosys chief’s AI startup nabs another $53M

Hang Ten Systems, founded by ex-Infosys CEO Vishal Sikka, added $53 million to its seed round, bringing total funding to $85 million.

The new round was led by Temasek's early-stage platform Xora with Mayfield participating, closing five weeks after the initial $32 million seed. Founded in May 2026, the Palo Alto startup advises enterprises with over $10 billion in annual revenue on AI strategy and builds production software using its in-house Hobie framework of reusable AI skills. It works with 21 major enterprises including Fresenius Kabi, Saudi Aramco, and Siemens Energy, and plans to expand engineering, consulting, and sales teams.

TechCrunch · AI · 1d agoAI industry

Funding grants for new research into AI and teen development

OpenAI launched a $5 million grant program funding independent research on generative AI's effects on teen development, well-being, and safety.

OpenAI opened applications for a $5 million grant program supporting independent research into how generative AI affects teen development, well-being, and safety. The program was announced via the OpenAI newsroom on 2026-09-08.

OpenAI News · 9d agoAI industry

AI research startup Listen Labs scrubbed a $1.5B funding round for Salesforce talks

Listen Labs abandoned a signed $125M Series C term sheet at a $1.5B valuation amid acquisition talks with Salesforce at roughly $2 billion.

Listen Labs, a three-year-old voice AI market research startup with about $30 million in annualized revenue, signed a term sheet for a $125 million Series C led by Menlo Ventures at a $1.5 billion valuation but walked away before closing. The financing likely collapsed due to acquisition talks with Salesforce at around $2 billion, though no deal is finalized. Competitor Simile recently closed a $200 million Series B at a $2 billion valuation, resetting benchmarks for the sector. Listen Labs' customers include Microsoft, Canva, Anthropic, and Sweetgreen.

TechCrunch · AI · 7d agoAI industry

How Candidates Could Use AI for Good

Schneier and Sanders argue US candidates should use AI for broad listening and voter engagement, citing Japan's Team Mirai and civic tech tools.

Schneier on Security published an essay arguing candidates in the US midterms could use AI constructively rather than only for deepfakes and one-way messaging. It highlights Japan's Team Mirai party, whose AI interviewer has gathered over 300,000 messages across 16,000 interviews and helped the party win 12 Diet seats. Other cited tools include Scotland-funded CrownShy's Comhairle, deliberation.io, MIT's Cortico, Talk to the City, and Remesh. Higher Ground Labs launched a fund targeting AI-native campaign systems.

Schneier on Security · 2h agoAI industry

Cognition hits $48B valuation, signaling investors believe AI coding is far from a winner-take-all market

Cognition, maker of Devin, raised $2 billion at a $48 billion valuation led by a16z, Accel, and Founders Fund, with revenue at $900M annualized.

Cognition raised $2 billion at a $48 billion valuation, four months after a $26 billion round, led by Andreessen Horowitz, Accel, Founders Fund, General Catalyst, and Avenir. Its annualized run-rate revenue grew from $492 million to $900 million since May, with projected $4-5 billion by end of 2026, while compute costs could push 2026 burn to $800 million. The startup, founded by Scott Wu, counts Mercedes-Benz, NASA, Goldman Sachs, and Citi as customers and is training its own model to cut reliance on OpenAI and Anthropic.

TechCrunch · AI · 8d agoAI industry

Mistral raises €3B as sovereign AI becomes big business

Mistral AI raised a €3B Series D at a €21B+ valuation, led by Samsung Electronics, to scale European compute capacity and sovereign AI services.

French AI lab Mistral AI raised €3 billion (~$3.58B) at a post-money valuation above €21 billion, which it calls the largest equity round ever completed by a European technology company. Samsung Electronics led the round, with EQT's Scaleup Europe Fund and PSG Equity as co-leads; a16z, Nvidia, Salesforce Ventures, Advent, BlackRock, and Luxembourg also participated. The company plans to build 1 GW of European compute capacity by 2030, offer region-selectable query processing, and host third-party open-weight models as part of a sovereign AI strategy. Mistral operates in 20 countries and targets governments and enterprises seeking control over AI models and data residency.

TechCrunch · AI · 8d agoAI industry

Mistral raises €3B

Mistral raised a Samsung-led €3B Series D at a €21B+ valuation — the largest European tech equity round — to scale compute and frontier AI research.

Mistral announced a €3 billion Series D at a post-money valuation above €21 billion, the largest equity round ever by a European technology company. Samsung Electronics led the round, with co-leads Scaleup Europe Fund (managed by EQT) and PSG Equity; new investors include Advent, BlackRock, and the Grand Duchy of Luxembourg. The company operates across 20 countries, serves 125+ enterprises including Airbus, ASML, and HSBC, and says funds will expand frontier research, compute capacity, and international growth.

Hacker News · AI · 9d agoAI industryHN 648↑ · 468 comments

[AINews] Reality Checks on AI News (Yegge shuts down Gas Town, Databricks’ +60% Astra cost)

Latent Space AI news roundup: Steve Yegge shuts down Gas Town, Databricks reports 60% higher coding spend on GPT-6 Astra, OpenAI launches misalignment disclosure framework.

Latent Space's AI News digest for September 15-16, 2026 leads with Steve Yegge shutting down his Gas Town orchestrator despite spending thousands monthly on coding-agent subscriptions. Databricks rolled out GPT-6 Astra to roughly 3,500 engineers, reporting superior long-horizon performance over Opus 5 and Sol 5.6 but a ~60% increase in coding spend. OpenAI published a formal framework for disclosing model misalignment incidents with six case reports, while Microsoft and Google Research released safety papers on 'capability laundering' and the Fuse motive-inference benchmark. Xiaomi shared live RL training telemetry for MiMo-V2.6, estimated at $493k/day for the 1T-class Pro run.

Latent Space · 6h agoAI industry

AIUC Raises $40 Million to Certify Enterprise AI Agents

AIUC raised $40 million in Series A funding led by Ribbit Capital to expand its AIUC-1 standard certifying enterprise AI agents against security risks.

AIUC's Series A, led by Ribbit Capital with participation from First Harmonic, brings the company's total funding to $55 million. Its AIUC-1 standard tests AI agents against roughly 5,000 adversarial scenarios covering jailbreaks, prompt injections, hallucinations, anomalous behavior, and data leaks, with quarterly audits. Certified agents include Cursor, ElevenLabs, Fin, Harvey, KPMG, Lovable, and UiPath; the funds will extend audits, standards, and insurance to frontier models.

SecurityWeekupdated · 19h agofirst · 1d agoAI industry 2 sources

Exclusive: Paying for frontier AI models buys 4-month head start at 5x the cost

Mozilla report finds the capability gap between best open-weights (largely Chinese) and closed frontier AI models narrowed to 4.4 months at ~5x lower cost.

Mozilla's State of Open Source AI report (September 15) says the gap between closed frontier models and best open-weights models has closed to 4.4 months. Moonshot AI's Kimi K3 scores three points behind Anthropic's Fable 5 on the Artificial Analysis Intelligence Index at 30% of the cost, and Z.ai's GLM 5.2 scored within a point of Claude Opus 4.7 on Terminal-Bench 2.1. Eight of the top 10 OpenRouter models by August 2026 token volume provide open weights, though a Linux Foundation paper found open models earned only 4% of revenue. The report recommends open models as the default for routine workloads, reserving closed models for 8-12 hour expert tasks.

Ars Technica · AI · 2d agoAI industry1

What must happen for AI’s trillion-dollar gamble to pay off

Hyperscalers need 2.7x productivity gains by 2030 to justify nearly $1.1 trillion in AI data center spending, or risk bankruptcy and capital misallocation.

Wharton finance professor Jessica Wachter estimates hyperscaler AI expenditure will reach nearly $1.1 trillion through 2027 and that a 2.7x productivity increase is needed to break even by 2030. AI revenues of roughly $150-200 billion this year fall far short of about $750 billion in annual spending, with total investment from Alphabet, Microsoft, Amazon, Meta, and Oracle potentially exceeding $5 trillion over four years. Alphabet reported its first free cash flow deficit (about $5.9 billion) since its 2004 IPO due to AI infrastructure costs. Researchers warn that failed demand could make the buildout the largest capital misallocation in history, with depreciating GPU chips risking stranded assets.

MIT Technology Review · AI · 2d agoAI industry

The Rise of the Forward Deployed Engineer — and How To Do the Job Right

Palantir veteran Vinoo Ganesh traces the forward deployed engineer role and shares practices for building effective FDE teams.

Kepler CEO and former Palantir forward deployed engineer Vinoo Ganesh argues that labs, startups, and PE firms hire FDEs without a shared definition of the role. He recounts Palantir's Project Frontline rotation, which trained about 250 software engineers as FDEs, many now leading forward deployed teams at OpenAI, Anthropic, xAI, and Anduril. A 2013 failure of the Phoenix transaction store at a bank, where real-world data gaps caused roughly 2.3 million keyspaces and an out-of-memory crash, illustrates why FDEs must own the gap between design and production reality. At Kepler he places the FDE function inside product rather than sales.

Latent Space · 4d agoAI industry 4 sources1

Apple’s Ternus era begins as Nvidia bets on the whole AI stack

Apple's John Ternus becomes CEO as Tim Cook steps down; Nvidia expands across the AI stack while a16z launches a $1.1B Machine Age fund.

Tim Cook stepped down as Apple CEO, handing the company to former hardware chief John Ternus, with Cook staying as Executive Chairman focused on policy relationships. TechCrunch's Equity podcast also unpacks Nvidia's moves to own the entire AI stack, including its Hugging Face acquisition, a MediaTek investment, and deeper compute deals. Other items include robotaxi competition (Tesla Cybercab, Waymo expansion, Zoox paid rides), Andreessen Horowitz's new $1.1 billion 'Machine Age' fund, and the $285 million GoPro acquisition.

TechCrunch · AI · 12d agoAI industry

New policy ideas for the Intelligence Age

OpenAI is funding 14 independent projects exploring AI policy ideas on economic opportunity and societal resilience.

OpenAI announced funding for 14 independent projects that explore new AI policy ideas. The funded work focuses on expanding economic opportunity and strengthening societal resilience. This is a private funding initiative rather than new regulation.

OpenAI News · Aug 17, 2026AI industry

Superhuman acquires YC-backed notetaker Fathom as productivity platforms push for agentic work

Superhuman acquires AI notetaker Fathom to add meeting context and agentic workflows to its 40-million-user productivity platform.

Superhuman is acquiring Y Combinator-backed AI notetaker Fathom, which raised over $30 million and was valued at $94 million in 2024. Fathom reports 400,000+ monthly active users and over 1 million people have recorded meetings with it. The deal adds notetaking to Superhuman's suite (email, docs, calendar, database, AI agent builder) to enable proactive AI agents driven by meeting context, competing with Granola, Read AI, and Wispr.

TechCrunch · AI · 2d agoAI industry

ASML locks in TSMC, Samsung, and Intel while Huawei races to break its grip

ASML secures TSMC, Samsung, and Intel commitments for twelve-inch photomasks while Huawei funds China's DUV lithography push to bypass export controls.

ASML, the world's only EUV lithography maker, has locked in commitments from TSMC, Samsung, and Intel to move photomasks from six-inch to twelve inches, which ASML CTO Marco Pieters says could raise High-NA throughput by 40 percent; TSMC and ASML plan a test line by 2031 with production on High-NA tools by 2033. Meanwhile Huawei is orchestrating China's push to build DUV lithography equipment and reduce dependence on ASML, centered on Shanghai equipment maker Yuliangsheng, with SMIC testing the machines and Huawei's Habo fund backing Zeiss rivals and light-source developers. Bernstein analysts note the main bottlenecks remain projection lenses and light sources.

The Decoder · 8d agoAI industry

AI compute provider Nscale is looking for $3.5B in pre-IPO financing

British AI compute provider Nscale seeks $3.5B pre-IPO via $1.5B convertible notes and $2B from Nvidia ahead of a possible September IPO.

Nscale, a British AI infrastructure company founded about two years ago, is reportedly in talks to raise $3.5 billion ahead of an IPO that could come as early as late September 2026: $1.5 billion in convertible notes plus $2 billion in financing from Nvidia. Nvidia previously joined Nscale's $1.1 billion Series B in March, led by Aker and billed as the largest Series B in European history, following a $155 million Series A in December 2024. Nscale recently signed an approximately $45 billion deal with Anthropic and has told investors it has roughly $103 billion in projected revenue based on signed customer leases.

TechCrunch · AI · 12d agoAI industry

Proactive cyber defense for governments and enterprises

Google launches the Fairwind Program giving governments and enterprises access to Gemini 3.8 Flash Cyber and CodeMender for autonomous vulnerability finding and patching.

Google DeepMind announced the Fairwind Program, a limited-access offering giving Google Cloud customers, government agencies, and cybersecurity partners access to Gemini 3.8 Flash Cyber and the CodeMender harness to autonomously find, verify, and fix vulnerabilities. Initial access prioritizes governments, critical infrastructure operators in healthcare, telecom, energy, and finance, and core technology platforms, with over 650 partners participating. Google also raised its total global cybersecurity funding commitment above $100 million, including $36 million for 35 US cyber clinics.

Google DeepMind · 14d agoAI industry

Askeal, the AI cybersecurity assistant that gives verifiable, expert-backed answers

AI security startup Askeal launches with $1.1 million pre-seed, pairing generative AI with 270+ vetted cybersecurity experts for verifiable answers.

Askeal, cofounded in August 2025 by Roxane Suau, launched an AI cybersecurity assistant that combines generative AI with a vetted community of more than 270 expert contributors and 178 public sources, backed by a $1.1 million pre-seed round. The tool answers natural-language security questions with evidence-backed, verifiable assessments, supporting CVE remediation guidance, URL, domain and hash lookups, and log analysis with IOC extraction. Its beta opened in February 2026, reaching 500 testers across 69 countries in two and a half months; the product is currently free, with paid plans and contributor revenue share planned. Its neuro-symbolic technology was developed with the Montpellier Laboratory of Computer Science, Robotics, and Microelectronics.

Help Net Security · 16d agoAI industry

A milestone in expanding access to AI

OpenAI announced ChatGPT Ads reached a $1 billion annualized revenue run rate and expanded availability globally to fund free and affordable AI access.

OpenAI stated that ChatGPT Ads, its advertising product, has reached $1 billion in annualized revenue run rate. The company framed this as a milestone that expands global availability of the ads product and supports broader access to AI through free and lower-cost options. No technical, model, or security details were included in the announcement.

OpenAI News · 17d agoAI industry

Google, Nvidia and Anthropic want Emerald AI to find space on the grid for more data centersnew

Emerald AI, Google, Nvidia, and Anthropic formed a coalition promoting data center demand response, claiming it could free grid space for 100 gigawatts of capacity.

Grid software unicorn Emerald AI formed the AI Energy Management Alliance (AEMA) with Google, Nvidia, Anthropic, and utilities including AES, Constellation, National Grid, and NRG Energy. The coalition promotes demand response, where data centers pause noncritical tasks or shift compute loads, claiming it could let an additional 100 gigawatts of data centers connect to the grid. Emerald AI recently raised a $150 million Series A led by Energize Capital and DCVC, and a Goldman Sachs study cited estimates of 76 gigawatts of freed capacity from peak-shaving.

TechCrunch · AI · 26m agoAI industry 2 sources