Comment by baq
21 hours ago
They can get what, 1B euros? 10B when everyone loses their mind? This doesn’t buy nearly enough compute nowadays.
Meanwhile, Anthropic and OpenAI have investors practically begging them to let them buy this much equity at mind-bogging valuations.
The chinese labs manage to do it. Mistral should have enough money.
The EU has intentional structural hurdles to pouring money into a predetermined single company. Both hurdles meant to fight corruption and nepotism, and hurdles meant to ensure fairness between the member states. After all, money to Mistral is money to France too, and you don't want countries to abuse such mechanisms
It's not impossible, but China is just much better set up for the nessesary level of government support
China is a way more corrupt country but this might be a benefit of less rules.
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You think they're intentionally being bad because they can't manage to pump $65B into a startup on a whim...?
You think well over a year after making grandiose on the record claims is “on a whim”?
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Or maybe they’re just poor.