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Paris-based OpenAI competitor Mistral AI closed its $415 million funding round

Mistral AI reached its Series A funding goal in France. Bloomberg reports that the company raised €385 million, or $415 million at today’s exchange rate, worth $2 billion. Today, Mistral AI unveils its commercial platform. Google’s DeepMind and Meta alumni founded Mistral AI to create open-technology foundational models. It raised …

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US-China tech war over EV batteries escalates

Current U.S. efforts to slow China’s technological advancement focus on semiconductors. Washington targets electric vehicle batteries, another rapidly growing Chinese tech sector. This month, Treasury and Energy Department proposals would reduce tax credits for electric vehicle buyers who use battery materials from China and other “hostile” countries. EVs made in …

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Windows client for Arc browser launches in beta

The Browser Company launched its Windows client beta today, onboarding the first users. After Arc made the Mac client public after being invite-only since 2022, users and observers have demanded a Windows version. The company will “rapidly” increase invite rollouts in January and onboard more beta users throughout the month. …

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iPhone maker Foxconn plans $1.54 billion India plant

Foxconn is investing $1.54 billion in an iPhone manufacturing plant in India, doubling its investment. Foxconn has increased production in India since leaving a $19.5 billion processor manufacturing joint venture with Vedeanta. Foxconn invested $500 million in two Karnataka, southern India, plants in August 2023. Foxconn parent company Hon Hai …

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