Community to discuss Mistral's LLMs, Fine-Tuning, APIs etc. Fast, open-source and secure language models. Community run by volunteers (not Mistral AI team).
Mistral today announced that it has raised €3 billion in a Series D funding round at a post-money valuation of more than €21 billion, the largest equity fundraising round ever completed by a European technology company, three years after the company's launch.
And yet compared to America and China 3 billion just feels so tiny
U.S. and China are investing massively because they are using companies borrowing, bank loans and investment from shareholders to fund this growth.
In the U.S., large technology companies make up a big part of stock markets and many retirement funds. This means that if the AI boom turns into a major bubble and prices collapse, people could lose money through their retirement investments (gl&hf), company bonds and other financial investments.
The European Union cannot easily do the same on the same scale. The EU is made up of multiple countries, with different governments, budgets, banks and financial markets. Unlike the U.S., it does not have one large federal government with a single budget that can quickly direct huge amounts of public money toward AI. Europe also has fewer giant technology companies capable of raising enormous amounts of capital in its stock and bond markets. (This is why everyone should try and start a business, no matter the field they work in)
As a result, Europe has less ability to finance an AI investment boom on the scale of the U.S. or China. It is not that we are not capable, it's just that we are not one single entity. (Thus, federalization is the way)
true but europe has trillions of dollars invested in america, if the bubble pops its taking europe with it
that said i am investing in https://www.betashares.com.au/fund/global-shares-ex-us-etf/ to try and limit the fallout
Yep. That's what sucks balls and we have failed as a union. Be it arms development for which we heavily invested in U.S. as well and now we got shat on by the new administration, or technology overall such as data-center infrastructure and AI.
We are basically inter wined with U.S. economy, and if they collapse, we are going to take a huge hit as well.