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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 · AISep 8, 05:06 UTC · 8d agoAI industry HN 648↑ · 468 comments

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 DecoderSep 8, 07:45 UTC · 8d agoAI industry1

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 · AISep 8, 14:17 UTC · 8d agoAI industry

The Pelican comparison grid for Astra is pretty interesting

Simon Willison's pelican SVG comparison shows GPT-6 Astra producing markedly better images than GPT-5.6 Sol, Terra, and Luna across reasoning levels.

Willison generated pelicans-riding-bicycles SVGs with newly accessed GPT-6 Astra at low through max reasoning levels and rendered them in a comparison grid against GPT-5.6 Sol, Terra, and Luna. Astra's outputs were markedly more coherent, while even the best GPT-5.6-Sol images remained largely abstract shapes. Astra does not support a reasoning=none setting, so all comparisons involved reasoning-enabled runs.

Simon WillisonSep 4, 23:59 UTC · 11d agoAI research

Introducing ChatGPT for Financial Services

OpenAI launches ChatGPT for Financial Services, pairing built-in market data with GPT-6 Astra for banking research workflows.

OpenAI introduced ChatGPT for Financial Services, a tailored ChatGPT Work experience shaped by design partners Morgan Stanley and Evercore, targeting investment banking and equity research. It bundles premium data from Daloopa, PitchBook, LSEG News, and Crunchbase hosted on OpenAI infrastructure with granular citations, optimized MCP connectors for S&P Global and FactSet, and 50+ connectors, plus planned entitlement integrations with S&P Capital IQ, LSEG, MSCI, Dow Jones Factiva, and Moody's. It runs GPT-6 Astra, which OpenAI claims is state of the art in information retrieval, financial reasoning, and artifact generation, and includes enterprise controls such as SAML SSO, SCIM, role-based access, and no default training on firm data.

OpenAI Newsupdated Sep 10, 18:25 UTC · 5d agofirst Sep 10, 07:00 UTC · 6d agoAI industry 3 sources

A Hybrid LSTM-XGBoost Framework for Multi-Horizon Stock Return Prediction Across Diversified Equity Portfolios

Hybrid LSTM-XGBoost model predicts multi-horizon returns for 14 US equities, cutting 30-day RMSE to about one-third of a standalone LSTM baseline.

The paper combines a two-layer LSTM (64 hidden units) processing 60-day windows of five market features with an XGBoost regressor over a 78-dimensional hybrid feature vector including 14 technical indicators. It is trained on pooled data for 14 US equities across six sectors using chronological splits and per-stock MinMaxScaling to prevent look-ahead bias, and evaluated at 30, 90, 252, and 365 trading-day horizons. The hybrid achieves test RMSE of 0.0949 at 30 days, roughly one-third of the standalone LSTM, while 97.6% directional accuracy at 365 days largely tracks the base rate of positive returns.

arXiv cs.AI / cs.LG / cs.CLSep 11, 17:51 UTC · 4d agoAI research

Silent Ransom Group Hacked Greenberg Traurig; Who notifies the 126k Affected?

Silent Ransom Group listed law firm Greenberg Traurig on its leak site, with roughly 126,000 individuals affected by the breach.

Silent Ransom Group (SRG) added prominent law firm Greenberg Traurig to its leak site of attacked and leaked victims. DataBreaches.net reports exclusive details indicating approximately 126,000 people were affected and raises questions over who is notifying them. SRG's leak site previously carried 64 law firm listings, including Troutman Pepper Locke, reported breached on August 21.

DataBreaches.netSep 14, 13:03 UTC · 2d agoRansomware

Jensen Huang explains why Nvidia will grow an astounding 70% next year

Nvidia CEO Jensen Huang reiterated at a Goldman Sachs conference that revenue could grow 70% year-over-year next year, reaching roughly $680 billion.

Speaking at the Goldman Sachs Communicopia + Technology conference, Huang reaffirmed guidance of about 70% revenue growth next year, implying roughly $680 billion after an expected ~$400 billion this fiscal year. He cited the Grace-Blackwell system (36 Grace CPUs with 72 Blackwell GPUs) experiencing 27% month-over-month order growth and claimed $100 billion in revenue-generating contracts at companies Nvidia invests in. Huang argued Nvidia underpins models from OpenAI, Anthropic, and Google and tracks global data center capacity, while dismissing concerns about circular deals and competition from hyperscalers, Cerebras, and Etched.

TechCrunch · AISep 10, 21:51 UTC · 5d agoAI industry

Anthropic eyes Nasdaq listing as a second profitable quarter aims to win over investors ahead of a mega-IPO

Anthropic reports a second straight profitable quarter with $11.5B quarterly revenue and prepares a Nasdaq IPO at a possible $2T-plus valuation.

Anthropic told investors it will be profitable for a second consecutive quarter, though the claim uses an adjusted metric excluding costs like stock-based compensation. Quarterly revenue jumped 14-fold year over year to $11.5 billion, with an annualized run rate of $65 billion at the end of July and gross margins above 80 percent before revenue-sharing and training costs. The company plans a Nasdaq listing at a possible valuation of $2 trillion or more, while SemiAnalysis expects $120 billion in annualized revenue by year-end. The news coincides with CEO Dario Amodei's public call to slow AI development, backed by Sam Altman and Elon Musk.

The DecoderSep 14, 15:46 UTC · 2d agoAI industry

AEO startup Profound hits unicorn valuation, raises $180M Series D 7 months after last round

AEO startup Profound raised a $180M Series D at a $1.8B valuation led by Sequoia and Kleiner Perkins.

Profound, which builds marketing software to help brands appear in AI search results, raised a $180 million Series D at a $1.8 billion valuation, seven months after its $96 million Series C. Sequoia and Kleiner Perkins led the round, with Lightspeed Venture Partners, Khosla Ventures, and South Park Commons participating. The company reports 3x revenue growth in six months and over 1,000 enterprise customers including Comcast, The Estée Lauder Companies, and Walmart. It operates in the generative engine optimization (GEO) and answer engine optimization (AEO) space.

TechCrunch · AISep 15, 15:22 UTC · 1d agoAI industry

Nvidia dismisses "circular financing", says every $1 it invests brings back $100

Nvidia rejects 'circular financing' criticism, claiming every $1 it invests yields $100 in returns amid a falling stock price.

Nvidia publicly dismissed concerns that its AI ecosystem investments amount to 'circular financing', asserting that each $1 it invests generates roughly $100 in value. The statement comes as Nvidia's share price continues to decline. The story drew moderate discussion on Hacker News with 34 points and 25 comments.

Hacker News · securitySep 13, 10:29 UTC · 3d agoAI industry HN 34↑ · 25 comments

What LLM Trading Agents Actually Do in Production: A Six-Month, Population-Scale Record from Two Fleets

Six-month record of 7.5M LLM trading agent invocations shows volatility-blind sizing, minimal upside capture, and no directional edge across two fleets.

The study records autonomous LLM trading agents in production across DX Terminal Pro (3,505 user-funded vaults trading real ETH in Base memecoin markets) and the DXAP fleet (500-599 agents on Hyperliquid perpetuals), spanning roughly six months, 7.5M single-model invocations and about 300K onchain actions. A risk slider explains leverage (+0.425 per level), median leverage is 5.0x in every volatility sextile, and one posture-slider cell holds 62% of liquidations. Agents capture little upside: 43.2% of positions saw +300 bps favorable excursion within 24h yet 49.3% of those closed negative, while the DXAP fleet trails a matched retail benchmark (41% vs 50% roundtrip win rate). A paired-replay league of frontier models finds decision quality statistically indistinguishable at this horizon.

Hugging Face daily papersSep 3, 20:00 UTC · 12d agoAI research

Evaluating Time-Series Foundation Models and Multimodal Dietary Context for CGM Forecasting

Study finds zero-shot time-series foundation models underperform on CGM forecasting; fine-tuned Chronos-Bolt cuts RMSE up to 18.4% and dietary context adds signal.

The paper evaluates time-series foundation models for continuous glucose monitoring forecasting across eight public datasets covering Type 1 diabetes, Type 2 diabetes, and non-diabetes populations. Under a unified protocol, zero-shot foundation models did not consistently outperform baselines like Elastic Net and PatchTST, but lightweight fine-tuning did, with fine-tuned Chronos-Bolt reducing RMSE by 6.5%-18.4% in the T1D cohort and 8.6%-18.2% in the non-diabetes/T2D cohort. A residual-based fusion framework adding dietary context from CGMacros reduced overall RMSE by about 3% and postprandial RMSE by about 15% versus CGM-only baselines.

arXiv cs.AI / cs.LG / cs.CLSep 10, 17:43 UTC · 5d agoAI research

Ransomware attackers are zeroing in on mid-market companies

Black Kite found mid-market firms were 73% of disclosed ransomware victims in North America and Europe from January 2023 to June 2026.

Black Kite analyzed 13,336 publicly disclosed ransomware and data-extortion incidents with known revenue between January 2023 and June 2026, finding mid-market companies (annual revenue $10M-$1B) accounted for 73% of victims in North America and Europe, consistently between 72% and 75%. Manufacturing was the most affected sector, followed by professional, scientific, and technical services and construction. Of more than 120,000 assessed mid-market organizations, 54.7% had at least one significant patch-management issue on a public-facing system, over a quarter had a known-exploited vulnerability, and nearly one-third had stealer-log credential findings.

Help Net SecurityAug 24, 00:00 UTC · 23d agoRansomware

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 · AISep 4, 21:12 UTC · 11d agoAI industry

Crusoe reportedly raises $3B at a $30B valuation

AI data center developer Crusoe raised $3 billion at a $30 billion valuation, plus a $13 billion five-year GPU contract with Jane Street.

Crusoe, which builds hyperscale data centers for customers including Meta, Microsoft, OpenAI, and Oracle, raised a $3 billion round at a $30 billion valuation, Bloomberg reported. The round was co-led by Atreides Management and Valor Equity Partners with participation from Mubadala Capital. It comes 10 months after a $1.38 billion raise at a $10 billion valuation and follows a $13 billion, five-year cloud contract supplying GPUs and AI infrastructure to trading firm Jane Street. The company has met with Goldman Sachs and Morgan Stanley about a potential near-term IPO.

TechCrunch · AISep 4, 00:48 UTC · 12d agoAI industry

E2A-Bench: Benchmarking Evidence-to-Action Reliability in Financial Chart Reasoning

E2A-Bench, a 969-query financial chart reasoning benchmark, finds VLMs fail evidence-to-action consistency, with fine-tuning amplifying BUY:SELL bias 4-6x.

E2A-Bench is a 969-query benchmark built from 323 HS300 constituents across three input modalities with deterministic OHLCV-derived evidence anchors, evaluating grounding, reasoning-action consistency, evidence-confidence calibration, and directional coverage via UCR, RCI, ECI, and NDR metrics. Testing 20 VLMs showed the lowest-hallucination model ranked near the bottom on coverage with only 6.4% directional coverage, and oracle-aided verification reduced unsupported claims but could collapse coverage. Financial fine-tuning amplified the BUY:SELL ratio by factors of 4.21 to 4.68 across base-fine-tuned pairs.

Hugging Face daily papersSep 12, 20:00 UTC · 3d agoAI research

Thinking of ACE? We Can Do It with Fewer Tokens

IBM Research's ALTK-EVOLVE-SLDD blog post claims ACE-style LLM analysis using substantially fewer tokens.

IBM Research published a Hugging Face blog post titled 'Thinking of ACE? We Can Do It with Fewer Tokens' describing ALTK-EVOLVE-SLDD. The method targets reproducing ACE (attribution-based confidence estimation) capabilities in LLMs while consuming far fewer tokens. No article text was available, so details beyond the title are limited.

Hugging Face BlogAug 11, 13:37 UTC · Aug 11, 2026AI research

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 · AISep 8, 21:04 UTC · 7d agoAI industry

Anthropic’s $2 trillion IPO puts powerful external trustees in spotlight

Anthropic's $2 trillion IPO spotlights its external trustee governance, removable only by an 85% shareholder supermajority that may shift post-listing.

Anthropic's reported $2 trillion IPO is drawing scrutiny of its unusual governance, in which external trustees guard the company's mission and can only be removed with 85% shareholder voting power, a threshold that could change once it goes public. Compared with OpenAI's 2023 board crisis, Anthropic's structure is seen as less risky because it includes a built-in mechanism for shareholder intervention. Early investors knowingly backed the structure, citing its safety emphasis, but experts including Harvard's Fried urge public-market investors to scrutinize and price these arrangements before IPOs.

Ars Technica · AISep 4, 16:22 UTC · 11d agoAI industry

Cadence: Error-Bounded Lossy Compression of Demand Time Series with a Time-Series Foundation Model

Cadence pairs Google's 330M-parameter TimesFM-3 foundation model with adaptive arithmetic coding, gaining 13-28% on 2026 demand series over classical predictors.

Cadence is an error-bounded lossy compressor for numeric time series combining the 330M-parameter Google TimesFM-3 foundation model with an adaptive arithmetic coder, guaranteeing a per-sample error bound. On 49 EIA-930 balancing-authority demand series from 2026 it gains 13.3% over the best of six classical predictors and 28.3% on 50 MTA ridership series, winning all 297 series-tolerance pairs with a 21.4% median gain. The paper also reports negative results, including that foundation models add negligible value for lossless coding and that PyTorch predictions are not bit-identical across batch sizes.

Hugging Face daily papersSep 4, 20:00 UTC · 11d agoAI research1

Distill Globally, Adapt Locally: Reasoning Distillation and Product-Type Test-Time Training for Scalable Trade-Up Recommendation

A distillation framework compresses LLM reasoning into a 15.5M-parameter trade-up recommendation model reaching AUC 0.941 with product-type test-time training.

The paper targets trade-up recommendation, which identifies higher-quality alternatives that preserve customer purchase intent. A retrieval-augmented few-shot LLM teacher generates labels and rationales that supervise a compact embedding-pair classifier; at inference the 15.5M-parameter student uses only two precomputed 768-dimensional embeddings with no LLM calls. On 8,352 annotated pairs, label-only training scored AUC 0.912, reasoning distillation reached 0.924, and product-type test-time training lifted it to 0.941 with average precision 0.940. The distilled student is roughly 5,000x faster and 10,000x cheaper than direct LLM inference on a 100K-pair proxy catalog.

arXiv cs.AI / cs.LG / cs.CLSep 4, 17:08 UTC · 11d agoAI research

Generative Marketing Mix Modeling: A Causal Inference Framework Linking GEO and GEM to Business Impact

Paper proposes Generative Marketing Mix Modeling to causally estimate Generative Engine Optimization and Marketing effects on business outcomes.

The authors develop GMMM, a causal inference framework for measuring how often users see and notice a firm's name in generated answers, which standard marketing data ignore. For GEO it combines repeated generated answers with question counts, shares of generative-system usage and notice probabilities; for GEM it uses sponsored placement records with notice probabilities. The framework compares expected business responses under alternative treatment sequences, establishes identification conditions, and is evaluated on simulated product-recommendation answers in English and Japanese.

arXiv cs.AI / cs.LG / cs.CLSep 10, 17:57 UTC · 5d agoAI research

280,000 Impacted by Premier Medical Group Data Breach

New York healthcare provider Premier Medical Group is notifying 282,075 patients that personal and medical information was stolen in a June breach.

New York healthcare provider Premier Medical Group is notifying 282,075 patients whose personal and medical data was stolen in a June breach. Attackers accessed certain files on June 14 after some systems were disrupted, but PMG has not disclosed how the attack occurred or who was responsible. Exposed data includes names, contact information, dates of birth, treatment and diagnostic details, medication information, and health insurance details. PMG reported the incident to HHS, which added it to its public breach portal this week.

SecurityWeek10:47 UTC · 5h agoData breach in the wild

Panic builds over bankrupt Spirit’s looming data sale to Google

Startups object to Google's bankruptcy-auction purchase of Spirit Airlines operational data, claiming proprietary IP is being sold without consent.

Google won an auction to acquire a large enterprise dataset from bankrupt Spirit Airlines, which it says will help improve its products and AI models, with no personal information included. Springshot, whose airline logistics platform powered Spirit's stack, filed a limited objection arguing the vaguely defined data categories could transfer third-party IP and trade secrets it owns; International Aero Engines filed a similar objection. The EFF called it the first public bankruptcy proceeding over selling company and employee data as an asset, and objectors warn of a precedent letting large companies acquire startup IP through bankruptcy courts.

Ars Technica · AISep 10, 18:14 UTC · 5d agoAI industry

Financially Motivated Threat Actor BREEZE COMET Targets Brazil

Google Threat Intelligence details BREEZE COMET, a financially motivated group manipulating Brazilian payment systems and banking software to conduct fraudulent transfers since 2024.

Mandiant and Google Threat Intelligence Group (GTIG) track this activity as BREEZE COMET (formerly UNC5669), active since 2024 against Brazilian financial services, retail, and eCommerce organizations. The actor specializes in manipulating payment systems and banking software to conduct fraudulent transfers. The activity overlaps with operations publicly reported as Plump Spider and SHADOW-AETHER-064. The report details the group's tactics, toolkit, mitigations, and detections for this active and developing threat.

Google Threat IntelligenceSep 1, 14:00 UTC · 15d agoThreat actor in the wild

NVIDIA AI Factory Compute Is Becoming an Investable Asset Class

NVIDIA partners with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to mobilize over $500 billion of third-party capital for AI infrastructure financing.

NVIDIA announced partnerships with major financial firms including Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR. The independent financing platforms are designed to mobilize more than $500 billion of third-party capital to support AI infrastructure buildout. NVIDIA frames the move as positioning AI factory compute as an investable asset class.

NVIDIA BlogAug 12, 00:38 UTC · Aug 12, 2026AI industry

'Breeze Comet' Tears Into Brazilian & Global Financial Systems

Threat group 'Breeze Comet' is attacking Brazil's financial systems and reportedly stealing funds directly, per Dark Reading threat intelligence.

Dark Reading reports that 'Breeze Comet', described as Brazil's most sophisticated threat group, is compromising the country's financial systems. The activity is financially motivated, with funds reportedly moved directly to the attackers. The campaign reportedly extends to global financial systems, though technical details, victims and attribution evidence were not disclosed in the excerpt.

Dark ReadingSep 3, 12:00 UTC · 13d agoThreat actor in the wild

Tajin Group: Guarantee Marketplace Vendor Involved in Phishing and Chinese Money Laundering Group

Recorded Future details Tajin Group, a Chinese-speaking vendor on Telegram guarantee marketplaces running phishing, carding, and money laundering operations targeting Chinese banks.

Insikt Group analyzed Tajin Group, a Chinese-speaking threat actor operating on Telegram-based guarantee marketplaces Dabai Guarantee and, since May 2026, Xinbi Guarantee. The group conducts phishing, payment card theft, and money laundering targeting mainland Chinese citizens and banks, testing stolen cards from twelve countries on platforms like CCAvenue and Geidea. Operators bought and sold at least 100 Telegram usernames and anonymous virtual numbers via Fragment Market to strengthen OPSEC, linking multiple usernames to single Telegram accounts. Recorded Future warns Tajin Group's TTPs are likely to be replicated by other vendors on Chinese-language guarantee marketplaces at global scale.

Recorded FutureSep 15, 00:00 UTC · 1d agoThreat actor

Financial Stability Board Sounds the Alarm Over Frontier AI Risks

The Financial Stability Board warned G20 banking leaders that frontier AI adoption poses growing cyber and financial stability risks.

The Financial Stability Board (FSB) issued a warning to G20 banking leaders about cyber and financial-stability risks stemming from frontier AI. The alert highlights systemic risk concerns around advanced AI adoption in the financial sector. No specific incidents or regulatory actions were announced.

Infosecurity MagazineSep 1, 09:20 UTC · 15d agoAI policy