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ARTIFICIAL INTELLIGENCE
Mistral’s Mensch warns Europe of ‘leftovers’ if it quits frontier AI
DeepL’s chief executive says Europe needs its own models to keep AI’s value at home. Von der Leyen and Legora’s boss argue the gains lie in using frontier AI, not building it.
INVESTORS AND FUNDING
Nevis raises $70M to expand its AI platform for wealth advisers
EQT Ventures led the Series B, joined by Charles Schwab and QuantumLight, the fund of Revolut chief Nik Storonsky.
MICROSOFT
Microsoft nominates Stripe’s Collison to its board and trims Nadella’s pay
Disney finance chief Hugh Johnston and LinkedIn co-founder Reid Hoffman leave the board in December. A 5% fall in Xbox content revenue also pulled down Satya Nadella’s cash bonus, The Information reports.
ANTHROPIC
Anthropic files for Nasdaq IPO as half-year revenue hits $16.3bn
The Anthropic IPO prospectus shows a first operating profit in the second quarter, and an $80.7bn half-year loss driven mostly by note revaluations. Seven co-founders will hold 50.1% of the vote through one share.
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