Mistral AI in talks to raise $534M / Lenovo and Alibaba partner on AI PCs / Shares of Super Micro Computer and Nvidia fall [EN]

French AI startup Mistral AI aims to raise €500M to reach a €5B valuation, Alibaba and Lenovo collaborate on AI-powered devices, Super Micro Computer's shares drop after earnings pre-announcement decision, the IOC introduces the "Olympic AI Agenda" for sports, and Los Angeles County employs predictive AI to combat homelessness.

Host 1:"Good day! I am your erudite and jovial host, and here we have our perpetually inquisitive purveyor of fascinating facts!"
Host 2:"Absolutely spot on! I'm always prepared to dispense some erudite insights. And hello, everyone! How's your day faring?"
Host 1:"We trust you're having a splendid day, as we're about to elevate it even further. Today, we're delving headfirst into the captivating realm of AI. Hold on tight, for it promises to be a most exhilarating journey!"
Host 2:"Indeed! Our first port of call is France, where the startup Mistral AI is reaching for the stars, aiming to secure a staggering €500M to achieve a €5B valuation. Quite the ambitious endeavor, wouldn't you agree, ladies and gentlemen?"
Host 1:"Absolutely spot on! 'Go big or go home', as they say, isn't that right? And speaking of grandeur, we have the formidable duo of Alibaba and Lenovo joining forces to pioneer AI-powered devices. One can only imagine the extraordinary innovations that will emerge from this collaboration, don't you think?"
Host 2:"The possibilities are truly boundless! However, it seems that not everything is coming up roses and rainbows. Super Micro Computer's shares have taken a bit of a nosedive following their decision to make an earnings pre-announcement. Quite the tough break, wouldn't you agree?"
Host 1:"Indeed. Let's pivot to a more lighthearted topic, shall we? Brace yourselves for this delightful morsel of news: the IOC is unveiling an 'Olympic AI Agenda' for sports. It's essentially the Olympics, but for robots! Just picture it, ladies and gentlemen—robots gracefully performing gymnastics routines. Quite the spectacle, wouldn't you agree?"
Host 2:"Quite the amusing mental image, isn't it? But let's not stop there. Los Angeles County is harnessing predictive AI to address the issue of homelessness. A significant stride forward, wouldn't you say?"
Host 1:"It sure is. Let's all hope for a swift resolution to the issue of homelessness. Well, ladies and gentlemen, that's just a glimpse of what we have in store for you today. Stay tuned, for we are about to embark on a truly tech-tacular journey!"
Host 2:"Absolutely splendid, ladies and gentlemen! Do stay right where you are, for we have a plethora of captivating content awaiting your esteemed presence."
Host 1:"Have you caught wind of the latest commotion in the realm of AI?"
Host 2:"Ah, you're referring to the buzz about Mistral AI, aren't you? The French startup that's being lauded as Europe's counterpart to OpenAI? Quite the intriguing development, wouldn't you say?"
Host 1:"Absolutely! They're aiming to secure a staggering €500M, which translates to about $534M. If they succeed, it could propel their valuation to a remarkable €5B or $5.3B. Quite the audacious endeavor, wouldn't you agree?"
Host 2:"Quite the quantum leap from their previous funding round in 2023, wouldn't you say? They managed to secure a hefty $415M back then, which bestowed upon them a valuation of $2B. Quite the remarkable ascent, I must say."
Host 1:"Absolutely, and it's not just a matter of figures. Mistral AI is truly pioneering some remarkable work. They are delving into the development of both open-source and proprietary large language models. One of their creations, Mistral Large, is giving GPT-4 a run for its money."
Host 2:"Oh, I'm well aware of that! They've also unveiled a conversational assistant named Le Chat, which translates to 'the cat' in French. It's naturally multilingual, quite impressive, isn't it?"
Host 1:"Indeed! And here's a fascinating nugget for our esteemed audience - their previous round of funding was spearheaded by none other than Andreessen Horowitz and Lightspeed Ventures."
Host 2:"Ah, let's not overlook their collaboration with Microsoft. They've entered into a multiyear agreement, and Microsoft has even acquired a minority stake in the startup. Quite the strategic move, wouldn't you say?"
Host 1:"Absolutely splendid! Mistral is set to train and launch its next-gen AI models on Microsoft's AI infrastructure. It's a mutually beneficial arrangement, wouldn't you agree?"
Host 2:"It's absolutely riveting to witness these startups boldly pushing the frontiers of AI. I'm positively eager to witness the next groundbreaking innovation from Mistral AI!"
Host 1:"And to our esteemed audience, rest assured that we shall endeavor to keep you abreast of the latest developments in the ever-evolving realm of technology. Your attentive presence is most eagerly anticipated. Stay tuned for more!"
Host 1:"Have you caught wind of the Alibaba and Lenovo alliance, our resident tech whiz kid? Quite the formidable duo, wouldn't you say?"
Host 2:"Absolutely! It's akin to a convergence of tech titans, isn't it? Alibaba, the esteemed Chinese e-commerce behemoth, and Lenovo, the preeminent global PC manufacturer, have forged an alliance to spearhead the development of AI-infused PCs and an array of other AI-powered devices. This bombshell was unveiled at the illustrious Tech World event in Shanghai, marking a significant milestone in the annals of technological innovation."
Host 1:"Quite the strategic maneuver, isn't it? And rumor has it that Lenovo is set to unveil special editions of its latest AI-powered PCs. Quite the intriguing development, wouldn't you agree?"
Host 2:"Absolutely! Take the Yoga Book 9i, for instance. It's akin to a master yogi—flexible and astute. Equipped with Lenovo's Xiaotian AI assistant, powered by Alibaba's Tongyi Qianwen LLM, these AI devices will feature chips supporting local AI tasks. It's akin to having a miniature data center right within your device."
Host 1:"Absolutely astounding! And it's not merely about the technology, is it? There are indeed substantial advantages to this approach."
Host 2:"Absolutely spot on! With the advancements in neural processing units, which are akin to the brains of the computer, some large language models can operate directly on devices, bypassing the need for costly cloud setups. Furthermore, from a privacy standpoint, AI-powered PCs do not necessitate the transmission of sensitive data from tasks to the cloud for processing. It's akin to having your very own private AI valet who respects your privacy."
Host 1:"And it appears that this trend is gaining momentum. IDC forecasts that AI-powered PCs will constitute over half of China's PC market share this year, with expectations of reaching nearly all by 2027. Quite a remarkable shift, wouldn't you agree?"
Host 2:"Absolutely spot on! It's akin to witnessing a real-life sci-fi spectacle. AI isn't just the future, it's the present. And my dear audience, do keep in mind, you heard it here first!"
Host 1:"Seems we're always on the prowl for the latest in AI, don't we? Well, there's been quite the stir in the tech realm of late. Have you heard about the stock plunge involving Super Micro Computer and Nvidia?"
Host 2:"Indeed, the seismic tremors in the tech world last Friday were quite the sight to behold, weren't they? Super Micro Computer's stocks plummeted by a staggering 23%, while Nvidia experienced a notable 10% decline. It marked their most challenging day since March 2020. Quite the spectacle, I must say."
Host 1:"Indeed! It was akin to observing a high-stakes game of Jenga, albeit with stocks! For our esteemed listeners who may not be well-versed in these terms, a 'stock tumble' is when the value of a company's shares experiences a significant decline. In this instance, both Super Micro Computer and Nvidia, prominent figures in the tech industry, witnessed a substantial 23% and 10% drop in their respective share prices."
Host 2:"Let's put it into perspective, shall we? It's akin to having a pizza, and suddenly 23% of it just vanishes into thin air. Quite a substantial chunk of pizza gone missing, wouldn't you say?"
Host 1:(laughs) Quite the amusing analogy! However, on a more serious note, this occurrence holds significant weight in the tech sphere, and we shall be vigilantly monitoring its unfolding.
Host 2:"Absolutely. And for our esteemed audience, should you have any inquiries regarding this topic or any other subject we cover, do not hesitate to get in touch. We are here to demystify the intricate world of technology and make it more accessible to all."
Host 1:"Have you caught wind of the International Olympic Committee's latest endeavor? They've just unveiled their 'Olympic AI Agenda'. Quite the intriguing development, wouldn't you agree?"
Host 2:"Ah, the initiative to integrate AI into sports, I presume? Indeed, I've been closely monitoring that captivating development. It's akin to stepping into the realm of a futuristic cinematic masterpiece! The plan is to unveil some of this cutting-edge technology at the upcoming Paris Olympics this summer."
Host 1:"Absolutely! According to IOC President Thomas Bach, there's been a noticeable absence of a comprehensive strategy for AI in sports. However, this could be a game-changer. Just picture AI scouting for new talent, enhancing safety measures, revolutionizing broadcasting, and even personalizing the spectator experience. Quite the revolutionary prospect, wouldn't you say?"
Host 2:"Absolutely on point! And it's not only about the athletes. NBC's Molly Soloman highlighted the potential for AI to elevate Olympics coverage through data analysis, enhanced video quality, personalized experiences, and predictive analysis. It's akin to having a remarkably astute companion to enrich your understanding and enjoyment of the games."
Host 1:"The future of the Olympics certainly seems to be embracing the power of AI! But what's the latest for our crypto enthusiasts? Any updates on that front?"
Host 1:You know, we've been delving deep into how AI is revolutionizing the sports world, but it's not just about predicting the next home run or touchdown. AI is causing ripples in all sorts of domains. Let's shift our focus a bit and discuss how Los Angeles County is harnessing predictive AI to address the issue of homelessness. Quite a different arena, wouldn't you agree?
Host 1:That's quite a notable contrast. It's as if the AI is engaging in a game of chess, anticipating moves before they unfold. However, the situation isn't entirely optimistic, is it? The program is scheduled to conclude in 2026, and last year, California saw a surge to over 181,000 homeless individuals, marking a 30% increase since 2007.
Host 2:"It's quite a challenging situation, isn't it? However, it's heartening to witness technology being harnessed to address such pressing issues. We find ourselves amidst a technological revolution, and it extends far beyond the realm of the latest gadgets or cryptocurrencies. It's about effecting real, tangible changes in people's lives."
Host 2:"Absolutely splendid! They've devised an AI system that evaluates 90,000 county service users using data from various sources such as county jails, hospitals, welfare programs, and homelessness systems. And here's the kicker - the AI tool is 3.5 times more accurate than human social workers at predicting homelessness."
Host 2:"Absolutely! It's akin to transitioning from a football field to a chessboard. Now, here's the lowdown: Since its inception in 2021, this trial program has already assisted nearly 800 individuals, with almost 90% of them successfully maintaining their housing even after completing the program."
Host 2:"An excellent inquiry! Out of the 90,000 individuals scrutinized, 7% experienced homelessness within 18 months, in contrast to 24% among those deemed at highest risk by the algorithm. Quite the revealing disparity, wouldn't you say?"
Host 1:Impressive indeed! It all stemmed from the pioneering work of UCLA's California Policy Lab, didn't it? Their exploration into the potential of machine learning and county data to forecast homelessness was truly groundbreaking.
Host 2:Absolutely! There's been quite the buzz about integrating blockchain technology for ticketing, ensuring both transparency and security. Quite the seamless fusion of sports and technology, wouldn't you agree?
Host 1:"It certainly is! Whether you're a sports aficionado or a tech connoisseur, there's a delightful surprise in store for everyone. Keep your ear to the ground for further updates!"
Host 1:"Quite right, old chap. It serves as a poignant reminder that when technology is wielded with wisdom, it can indeed be a formidable force for good."
Host 1:Wow, that's quite the game-changer! But what about those individuals flagged as high-risk by the algorithm?

Mistral AI in talks to raise $534M / Lenovo and Alibaba partner on AI PCs / Shares of Super Micro Computer and Nvidia fall [EN]
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