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Mistral CEO proposes EU revenue levy on AI providers to fund content creators

Mistral CEO proposes EU revenue levy on AI providers to fund content creators Image: Primary
Mistral CEO Arthur Mensch proposed a revenue-based levy on AI providers operating in Europe to fund compensation for content creators, writing in the Financial Times. Mensch argued a mandatory payment mechanism would be more practical than negotiating individual licensing deals with millions of rights holders. The proposal comes from an unusual source, as Mistral itself trains models on internet data.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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AI Capital

Numica raises $21M to acquire small US accounting practices

Numica has raised $21M in equity and debt from Roosh X and Flashpoint Capital to acquire more small US accounting firms, The Next Web reports. The New York startup targets practices with annual revenue of $700,000 to $5m, often owned by accountants approaching retirement.

Capital AI
Capital AI

Kabilio raises €10M to develop AI agents for accounting firms

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Capital AI
Capital AI

Mindmax raises $3.3m for conversational AI exam tutor

London startup Mindmax announced $3.3m (£2.5m) in pre-seed funding to build an AI tutor for professional exams and workplace skills. Concept Ventures led the round, joined by Redrice Ventures, Daybreak Ventures and Lerer Hippeau.

AI Capital
AI Capital

Isomorphic Labs seeks roughly $5 billion in funding talks

Alphabet's Isomorphic Labs is in talks to raise roughly $5 billion to support its use of artificial intelligence for drug discovery, Bloomberg reported, citing people familiar with the matter. The financing remains under discussion rather than a completed fundraising.

Capital AI
Capital AI

AI chip startup Tenspresso seeks financing at $500 million valuation

Tenspresso is in financing talks that would value the artificial intelligence chip startup at $500 million, Bloomberg reported, citing people familiar with the matter. The three-month-old company was founded by engineers who previously worked on Google's AI chips.