The IP in France's AI surge
- publish258
- May 26
- 6 min read
Updated: Aug 7
Samuel Deschamps at Santarelli reviews the surge of AI start-ups and scale-ups that is happening in France, highlighting the cultures for IP and open source that are being adopted within this ecosystem
Samuel Deschamps, Santarelli
In In the past few years, artificial intelligence has hit the news, as companies such as Alphabet (the parent company of Google), Microsoft, Meta or Nvidia invest heavily in it. In August 2023, Goldman Sachs estimated that AI investment could be approaching $200 billion globally in 2025, most of which is now private.
Smaller firms, such as Mistral AI, Hugging Face and Nabla, have also taken a good position with respect to innovation in AI. In terms of IP, it appears that they do not specifically rely on patenting innovations, mostly developing proprietary algorithms and managing proprietary data instead.
Mistral AI
French newcomer Mistral AI, founded in April 2023 by veterans of Meta Platforms and Google DeepMind, is making waves by championing open-source technology, developing freely available large language models as an alternative to closed-off systems. They secured €385 million in funding by October 2023 and their valuation skyrocketed to over $2 billion by December 2023. In June 2024, they secured an additional €600 million, propelling their valuation to a staggering €5.8 billion. This latest funding round was led by venture capital giant General Catalyst with the participation of existing investors.
Want to read more?
Subscribe to novaropublishing.com to keep reading this exclusive post.
