Finance

Mistral AI Raises $487M in Round Led by Andreessen Horowitz

French AI startup Mistral AI is set to raise about $487 million, led by Andreessen Horowitz and including investments from Nvidia and Salesforce. Mistral AI, founded by former scientists from Google’s DeepMind and Meta, has quickly gained prominence in the European artificial intelligence (AI) startup scene. The company specializes in open-source software for chatbots and generative AI tools, leveraging the experience of its founders in working on large language models similar to those developed by OpenAI.

Source: Mistral AI Raises $487M in Round Led by Andreessen Horowitz

Music credits company Jaxsta rebrands as Vinyl Group

Australia’s sole ASX-listed music company, Jaxsta, has announced a significant transformation that includes changing its name to Vinyl Group, after the company expanded into online vinyl sales earlier this year. This rebranding effort is not merely cosmetic as the company’s constitution has been updated to reflect the new name. The ticker code on the ASX will also change from JXT to VNL.

Source: Music credits company Jaxsta rebrands as Vinyl Group

Can You Make Money From Live Streaming?

According to StreamYard, if you have an average of 5-10 daily viewers on Twitch for 30 days, you can make $50-200 a month. While if you have 10,000 average daily viewers, you can make $30,000 a month. This income is a combination of viewer tips, subscribers, and affiliate marketing. According to QQTube, the average per-view payout on YouTube Live is $0.018. So if you stream every day and you average 100 viewers a day for 30 days, you’d make $50. While if you have 1,000 viewers a day, you could make about $540 in a month.

Source: Can You Make Money From Live Streaming?

Spotify to axe over 1,500 jobs in latest round of layoffs

Spotify revealed on Monday (December 4) that it is slashing around 17% of the company’s global workforce in its latest round of jobs cuts. The company reported in an investor filing at the end of Q3 that its workforce consisted of 9,241 employees globally, which means that over 1,500 jobs will be affected by today’s news. Today’s news marks the streaming company’s third round of job cuts this year.

Source: Spotify to axe over 1,500 jobs in latest round of layoffs

Is Spotify Leaving Uruguay? Not if Lacalle Pou Can Help It

Uruguayan President Luis Lacalle Pou says he is in talks with Spotify to prevent the music streaming giant from leaving the country. Spotify announced it would cease service in Uruguay in February 2024 following the passage of a new music copyright bill requiring “fair and equitable remuneration” for authors, composers, performers, and artists in the country. “We are in talks. Let’s go ahead, I hope we are going to agree,” Lacalle Pou said in comments made to local press.

Source: Is Spotify Leaving Uruguay? Not if Lacalle Pou Can Help It

Stability AI Has Explored Sale as Investor Urges CEO to Resign

Stability AI, the British artificial intelligence startup behind the Stable Diffusion image generator, has explored selling the company as management faces increased pressure from investors over its financial position. The London-based firm has presented itself as an acquisition target in recent weeks, and held early-stage conversations with multiple companies, according to several people familiar with the matter.

Source: Stability AI Has Explored Sale as Investor Urges CEO to Resign

Pika Wows in Debut as AI Video Generator Takes Aim at Tech Giants 

A $55 million raise allows the generative video startup Pika Labs to compete against giants Meta, Adobe, and Stability AI. Pika is coming out of beta just six months after the company’s inception and serves the company’s vision of enabling everyone to become their own video director to democratize the field of video production. With a growing community of half a million users, Pika has tapped into the growing demand for accessible video creation tools.

Source: Pika Wows in Debut as AI Video Generator Takes Aim at Tech Giants – Decrypt

OpenAI unlikely to offer board seat to Microsoft, other investors – source

ChatGPT owner OpenAI is not expected to offer Microsoft and other investors including Khosla Ventures and Thrive Capital seats on its new board, a person familiar with the matter told Reuters on Tuesday. “I do not know that it’s going to be the choice of OpenAI to leave Microsoft off the board,” said Thomas Hayes chairman of hedge fund Great Hill Capital. “Microsoft will have something to say about it, given the amount of money that they have put behind them.”

Source: OpenAI unlikely to offer board seat to Microsoft, other investors – source

Creator payments startup Mozaic·io raises $20m funding round 

Startup Mozaic·io describes itself as a ‘global payments platform for co-creators’ that helps people to send, receive and split payments for their work. Now Mozaic has raised $20m of Series A funding to continue growing. The round was from investment firm Volition Capital, bringing the startup’s total raised so far to $27.1m.

Source: Creator payments startup Mozaic·io raises $20m funding round – Music Ally

iHeartMedia to receive $100m from sale of BMI

On Monday (November 27), iHeart said that it expects, following the sale, to receive “approximately” $100 million of proceeds “related to its equity interest in BMI, subject to approval of the transaction by BMI shareholders and customary regulatory approvals”. The US broadcaster added that it plans to use the proceeds for “general corporate purposes, which may include the repayment of debt”.

Source: iHeartMedia to receive $100m from sale of BMI

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