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Mistral AI, France's flagship artificial intelligence startup, closed a €3 billion Series D funding round on September 8, valuing the company at more than €21 billion post-money — what the three-year-old company called the largest equity round ever completed by…

Mozilla published version 1.1 of its State of Open Source AI report on Monday, finding that the best Chinese open-weight AI models now lag leading U.S. closed models by roughly four months on capability benchmarks — and cost a fraction…

The performance gap between the leading proprietary AI models built by U.S. tech companies and the best open-weight models — many of them Chinese — has narrowed to just 4.4 months, according to a new Mozilla report published on September…