The business pulse of AI: funding and acquisitions, people moves, partnerships and competition, policy and market signals.
Mistral AI signed a definitive agreement this week to acquire Physics AI pioneer Emmi AI, strengthening its AI transformation services for industrial companies. Founded in Austria, Emmi AI has over 30 researchers and engineers focusing on large engineering models that replace days of computation with real-time simulation and build digital twins. Its co-founders and team will join Mistral's Science and Applied AI teams in May.
Google DeepMind published a year’s progress for AlphaEvolve. The Gemini-powered coding agent has expanded from open problems in mathematics and computer science into genomics, power grids, quantum physics and AI infrastructure.
Mistral AI announced a €1.7 billion Series C at a €11.7 billion post-money valuation, led by semiconductor equipment maker ASML. Existing investors including DST Global, Andreessen Horowitz, Bpifrance, General Catalyst, Index Ventures, Lightspeed and NVIDIA participated.