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This Week In XR: Epic Triumphs Over Google, Mistral AI Raises $415 Million, $56.5 Million For Essential AI

Dec 15, 2023 - forbes.com
The article discusses various developments in the AI and tech industry. Dictionary.com announced the AI-sense of “hallucinate” as the 2023 Word of the Year, while Epic Games won $92 million from Google Play in an antitrust trial. French AI startup Mistral raised $415 million in Series C funding, and the European Union finalized a law to regulate AI. OpenAI entered into an agreement with media giant Axel Springer, and Essential AI raised $56.5 million to build “the Enterprise Brain.” Tesla’s Humanoid Robot Optimus demonstrated its ability to handle eggs, and Bionic raised $15 million for its AI-based exoskeleton for frontline workers.

In other news, Northwestern University researchers built miniature VR goggles for mice to study fear and anxiety, and a review of Meta’s new Ray-Ban smart glasses highlighted their improved features. Bose Frames, a line of audio smart glasses, was discontinued. The article also mentions a collaboration between Walkabout Mini-Golf and Meow Wolf, an AI animated Christmas Card created by Jon Draper, and a podcast hosted by Ted Schilowitz and Rony Abovitz. The article concludes with recommended readings on Fortnite's metaverse, AI's impact on the internet, and Finland's metaverse strategy.

Key takeaways:

  • Epic Games won a $92 million lawsuit against Google for violating antitrust laws by using its dominant position in the mobile app market to stifle competition.
  • Mistral AI, a French startup, raised $415 million in Series C funding at a $2 billion valuation. The company's technology is designed to be user-friendly, even for those unfamiliar with coding or AI.
  • The European Union has finalized a law to regulate AI, potentially setting a global standard. The AI Act aims to balance the rapid advancement of AI technology with necessary oversight and risk management.
  • OpenAI has entered into an agreement with media giant Axel Springer, allowing its AI, ChatGPT, access to materials from Axel Springer's publications to support the development of timely news summaries and further refine its advanced language models.
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