Fastino Secures $17.5M; WisdomAI Raises $23M in Seed Funding
Key Takeaways
- Fastino raised a $17.5M seed round led by Khosla Ventures for efficient AI models.
- WisdomAI secured $23M seed funding led by Coatue for its data platform.
- AI game dev startup Sett exits stealth with $27M in funding.
- Mistral launched Le Chat Enterprise, a unified AI assistant platform for enterprises.
- Mistral released Medium 3, claiming 90% of Claude Sonnet 3.7 performance.
Top Stories
Fastino raises $17.5M seed for efficient AI models.
On May 7, 2025, AI startup Fastino announced a $17.5 million seed funding round led by Khosla Ventures, bringing their total funding to nearly $25 million. Fastino trains AI models on inexpensive gaming GPUs, creating smaller, task-specific models for enterprise customers.
WisdomAI secures $23M seed for data platform.
On May 7, 2025, AI data startup WisdomAI announced it secured $23 million in seed funding led by Coatue. The company's platform enables business managers to analyze data with early customers including ConocoPhillips, Cisco, and Descope.
Sett, AI game dev startup, exits stealth with $27M.
On May 7, 2025, Sett, an AI startup focused on game development founded in 2022, emerged from stealth mode with $27 million in funding. The company already has over 100 gaming studios on its waiting list.
Mistral launches Le Chat Enterprise AI platform.
On May 7, 2025, Mistral launched Le Chat Enterprise, a unified AI assistant platform for enterprises, featuring tools like an AI agent builder. The corporate-focused chatbot service integrates Mistral’s models with third-party services and is now generally available after a private preview earlier this year.
Mistral releases Medium 3 model, claims 90% Claude Sonnet.
On May 7, 2025, Mistral released Mistral Medium 3, a new AI model focused on efficiency, available via Mistral’s API at $0.40 per million input tokens and $2 per million output tokens. Mistral claims it performs "at or above" 90% of Anthropic’s costlier Claude Sonnet 3.7 model on benchmarks.
Global Reach
OpenAI launches 'OpenAI for Countries' program.
On May 7, 2025, it was reported that OpenAI is launching OpenAI for Countries, a program to build local AI infrastructure internationally, partnering with governments for data centers and customizing products like ChatGPT. This initiative complements OpenAI’s AI data center push, Project Stargate, and may utilize Stargate infrastructure or funding.
Tech Breakthroughs
Anthropic Claude now searches the web via API.
On May 7, 2025, Anthropic introduced web search capabilities for its Claude AI assistant via a new API. This allows developers to build Claude-powered applications with up-to-date information and enables Claude to conduct progressive searches for comprehensive answers with source citations, including coding tasks.
Chatbots hallucinate more with short, ambiguous questions.
Published on May 8, 2025, a study by Giskard found that chatbots tend to hallucinate more when asked for short answers, especially with ambiguous questions. The study involved models like OpenAI's GPT-4o, Mistral Large, and Anthropic's Claude 3.7 Sonnet.
Regulation Watch
OpenAI and FDA discuss AI for drug evaluations.
On May 7, 2025, it was reported that OpenAI and the FDA are reportedly discussing AI for drug evaluations.
Leadership Shuffle
Instacart CEO Fidji Simo joins OpenAI.
On May 7, 2025, it was reported that Instacart CEO Fidji Simo is joining OpenAI.
Market Movers
OpenAI to cut Microsoft revenue share to 10% by 2030.
On May 7, 2025, it was reported that OpenAI expects to cut the share of revenue it pays to Microsoft to 10% by 2030.
Product Spotlight
Mistral Medium 3 available on Amazon Sagemaker.
As of May 7, 2025, Mistral Medium 3 is available on Amazon’s Sagemaker platform. It will soon be available on Microsoft’s Azure AI Foundry and Google’s Vertex AI platforms.
Mistral Medium 3 follows Mistral Small 3.1 release.
Published on May 7, 2025, the launch of Mistral Medium 3 follows Mistral’s Mistral Small 3.1 release in March 2025.
RakutenWallet.Pass offers AI-personalized digital sneakers.
On May 8, 2025, it was reported that one of the first experiences available with RakutenWallet.Pass is Reebok Impact. Users can transform photo memories into personalized digital sneakers using Futureverse’s AI technology.