Valued at 11.7 billion euros ($13.5 billion), Mistral has staked a place as Europe's challenger to the AI behemoths that have emerged in the US with valuations in the hundreds of billions.

Valued at 11.7 billion euros ($13.5 billion), Mistral has staked a place as Europe's challenger to the AI behemoths that have emerged in the US with valuations in the hundreds of billions

Companies selling artificial intelligence models in Europe should pay a "levy" to support cultural industries, the head of French developer Mistral said Friday.

AI models are trained on vast swathes of human-generated data including text, audio and video, which has prompted complaints and legal challenges to their developers from both creators and copyright-owning companies in America and Europe.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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