Paris-based Mistral AI is on track for a new funding round that would value the A.I. startup at 12 billion euros ($14 billion), Bloomberg reports. The investment, expected to total around 2 billion euros ($2.3 billion), would solidify the company’s position at the center of Europe’s sovereign A.I. strategy and bring it closer to its…

This Q&A is part of Observer’s Expert Insights series, where industry leaders, innovators and strategists distill years of experience into direct, practical takeaways and deliver clarity on the issues shaping their industries. At a time when loneliness is being called a public health crisis and nearly half of U.S. adults say they struggle to make…

Mike Liberatore, chief financial officer of Elon Musk’s xAI, has left the company after just three months, the Wall Street Journal first reported. His exit adds to a wave of high-profile turnover at the startup. Launched by Musk in 2023, xAI is best known for its Grok chatbot. The company’s technology has quickly caught up…

Every decade in business brings a new buzzword. The 1980s had “re-engineering.” The 1990s, “synergy.” The 2000s, “disruption.” The 2010s gave us “digital transformation.” Today the phrase still lingers in boardrooms and consultant decks, often sprinkled with “AI-native” promises that legacy companies can somehow shed their industrial skin and reemerge as sleek digital enterprises. It…

The economy of Anguilla, a small British territory in the Caribbean, has long relied on a steady flow of tourism. In recent years, however, the A.I. boom has created an entirely new source of revenue for the island—one tied not to local tech innovation, but to Anguilla’s “.ai” internet domain. It’s common for countries to…

Hugo Larochelle first caught the A.I. research bug after interning in the lab of Yoshua Bengio, a pioneering A.I. academic, during his undergraduate studies at the University of Montreal. Decades later, Larochelle is now succeeding his former mentor as the scientific director of Quebec’s Mila A.I. Institute, an organization known in the A.I. field for…

Silicon Valley’s top A.I. companies are locked in a cutthroat race to build artificial general intelligence (AGI). But Cohere, a quieter Canadian rival, is charting a difference course. Instead of chasing AGI, the company is focused on using A.I. to streamline business operations—and its leadership isn’t impressed with competitors touting imminent breakthroughs. “I don’t think…