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Mistral AI & Qualcomm partner will boost AI on Snapdragon devices

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Mistral AI & Qualcomm partner will boost AI on Snapdragon devices

Qualcomm is one of the companies that has been driving the development of artificial intelligence in the tech industry. The company offers powerful AI processing capabilities for both laptops and mobile devices with its Snapdragon chips. There is also the Qualcomm AI Hub, which makes it easier for developers to access multiple AI models from a single site. Now, Qualcomm has announced Mistral AI as a new partner in the integration of more AI models on Snapdragon hardware.

The market for AI models is witnessing an increasing number of alternatives. New companies have emerged to compete with their own models adapted to different needs. For example, Meta recently presented an AI model capable of autonomously evaluating and training other AI models. There is also Personal AI that enables offline assistant experiences with a business focus on Snapdragon-powered laptops.

Mistral AI is the latest Qualcomm partner to bring AI experiences to Snapdragon-powered devices

The Mistral AI models bear similarities to Personal AI, but they cater to a wider audience and possess sufficient versatility to seamlessly integrate with devices such as PCs, smartphones, and vehicles.

Qualcomm has announced the optimization of the Mistral AI models for its multiple hardware platforms. These include the Snapdragon 8 Elite, Snapdragon Cockpit Elite, Snapdragon Ride Elite, and Snapdragon X Elite. For reference, the Mistral AI models share a similar goal to that of the Gemini Nano. That is, the Mistral AI models are designed to be low-power models, making them ideal for enabling on-device AI experiences on mobile devices. However, Mistral AI asserts that its models are also compatible with cars.

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“Mistral AI’s Ministral 3B and Ministral 8B will enable device manufacturers, software vendors, and digital service providers to deliver innovative experiences, such as AI assistants and other applications that understand users’ wants and needs, thanks to the immediacy, reliability, and enhanced privacy of on-device AI,” said Durga Malladi, senior vice president and general manager of technology at Mistral AI.

Mistral 7B v0.3 now available on Qualcomm AI Hub

Currently, the Mistral 7B v0.3 model is available on the Qualcomm AI Hub platform. Therefore, developers can now access this model to create experiences specifically tailored for the Snapdragon hardware. On the other hand, the Ministral 3B and Ministral 8B models will be available soon.

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Vinted hits $5.4B valuation amid wave of secondary share sales in Europe

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Vinted CEO Thomas Plantenga

Lithuania’s Vinted has secured a new valuation of €5 billion (around $5.4 billion at current exchange rates), after the second-hand fashion marketplace closed a secondary share sale worth €340 million ($367 million).

The transaction was led by private equity giant TPG, with other new participants including Baillie Gifford, FJ Labs, Hedosophia, Invus Opportunities, Manhattan Venture Partners, and Moore Strategic Ventures. It’s unclear how much Vinted’s existing investors cashed out, but the company says that all its existing institutional investors — which include Accel, EQT, Insight Partners, and Lightspeed Venture Partners — have retained at least some stake.

It’s proving to be a bumper year for secondary market transactions, particularly in Europe, as scale-ups seek to unlock liquidity for their employees and VCs in a decidedly tepid IPO market. In the past few months alone, we’ve seen neobanks Revolut and Monzo pursue secondary market routes, attaining lofty valuations off the back of strong user growth and profitability.

In the U.S., meanwhile, fintech giant Stripe followed a similar path to unlock liquidity, reaching a private valuation of $65 billion back in February as it continues to delay a long-rumored IPO. This figure later jumped to $70 billion as Sequoia sought a larger stake from existing investors.

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Vinted CEO Thomas Plantenga (pictured above) noted that the sale “rewards our employees for their dedication in making Vinted a success.” The company was valued at €3.5 billion ($3.8 billion) pre-money for its previous €250 million Series F fundraise back in 2021. Since then, it has gone from strength to strength, reporting record revenue growth of 61% in 2023 compared to the previous year and reaching profitability for the first time.

At the same time, Vinted has expanded geographically and is also extending beyond its core fashion roots into the electronics realm — a growth trajectory that prompted marketplace stalwart eBay to respond by removing seller fees in key European markets.

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Industry groups are suing the FTC to stop its click to cancel rule

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Industry groups are suing the FTC to stop its click to cancel rule

Three industry groups are suing to prevent the Federal Trade Commission (FTC) from enforcing its new “Click to Cancel” rule that requires companies to make it easy to cancel subscriptions, according to Reuters. And yes, it’s exactly who you’d expect.

Click to cancel expands the Negative Option Rule to forbid businesses from making customers cancel services using a method that differs from how they signed up. So, if you sign up online, you must be allowed to cancel online, rather than needing to call a support line, write a letter, or show up in person. Most aspects of the rule, assuming it isn’t blocked, will go into effect 180 days from its entry into the Federal Register.

That’s “arbitrary, capricious, and an abuse of discretion,” the Internet and Television Association, Electronic Security Association, and Interactive Advertising Bureau allege in their complaint filed with the US Fifth Circuit Appeals Court today. The groups — many of whose member companies profit from subscriptions that are easy to start and harder to stop — argue that the FTC is trying to “regulate consumer contracts for all companies in all industries and across all sectors of the economy.”

Indeed, the rule applies to any automatically renewing subscription, whether it’s a gym membership or Amazon Prime, including free trials or those plans that ship you easy-to-cook dinners. The horror!

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Helldivers 2 will get a PS5 Pro upgrade, but Arrowhead is keeping quiet on the details

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A Helldiver wears the CE-27 yellow and black Ground Breaker armor and runs towards the camera across a desert planet

Arrowhead Game Studios has confirmed that Helldivers 2 will receive a PS5 Pro upgrade in the future.

That’s according to Arrowhead community manager ‘Twinbeard’ who revealed on the Helldivers 2 Discord channel that the popular third-person online shooter will eventually get some form of PS5 Pro upgrade at a later date, but stopped short of sharing what those enhancements will be (via PSU).

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Australian cricketer Steve Waugh at Bengaluru Space Expo- The Week

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Former Australian cricketer Steve Waugh says that he is learning a lot about space technology and is very excited about it. He was a surprise at the Bengaluru Space Expo (BSX) 2024 that began today. “I am surprised myself to be at the space expo. Space is exciting and new for me and I am learning a lot about space as I go along. I am very happy to be involved in this joint venture between Austraila and India. I have been coming to India for the last forty years with charity, with cricket, with business and this is another opportunity to collaborate with India. I am excited to be involved in it and Australia and India can do great things together in space technology,” said Waugh who is also the brand ambassador of Space Machines Company an Australian India in space servicing firm. 

The Space Machines Company has forged strategic partnerships with two Indian companies Ananth Technologies and Digantara. These partnerships are expected to play a significant role in the upcoming Space MAITRI (Mission for Australia-India’Technology, Research and Innovation) mission and the launch of Space Machines Company’s second Optimus satellite. Scheduled for 2026, the satellite will be deployed abroad NewSpace India Limited (NSIL) Small Satellite Launch Vehicle (SSLV).  

It will be the largest Australian-made spacecraft in orbit. The Space Machines Company’s second Optimus spacecraft, a 450 kg Orbital Servicing Vehicle will be launched on NSIL’s Small Satellite Launch Vehicle and is part of the first dedicated launch agreement between Australia and India. 

The mission will focus on debris management and sustainability and will significantly advance Australia’s domestic space industry, by combining Australian spacecraft capabilities with India’s launch expertise. 

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“We will work closely with Ananth Technologies and Digantara throughout the space MAITRI project lifecycle, leveraging each company’s advanced engineering, logisitc, and situation space awareness capabilities to fulfil the joint Australian-Indian mission of building a more sustainable space future,” said Rajat Kulshrestha, CEO and Co-founder of Space Machines Company. 

Under the partnership, Ananth Technologies will provide Assembly Integration and Testing (AIT) and comprehensive engineering and logistics support throughout the Space MAITRI program. This will include the safe transportation and handling of all spacecraft components in India, extensive testing and launch site spacecraft fueling. This collaboration with Ananth Technologies between the two companies will ensure that Space Machines Company’s second Optimus spacecraft is successfully integrated into the SSLV and ready for launch. 

On the other hand, the collaboration with Digantara will enable the Optimus spacecraft to track and engage short range resident space objects a vital capability when executing close approach maneuvers during in orbit operations. 

Interestingly the Australian government has invested $ 8.5 million in the Space MAITRI mission in April 2024 through the Australian Space Agency’s $18 million International Space Investment India Projects program. “This mission and the collaborations that underpin it emphasise the role that space can play in enhancing cooperation in the Indo-Pacific region for mutual benefit. This mission leverages our nation’s respective capabilities and advantages to make space activities more sustainable-something the global space community is focussed on to protect and maintain the assets in orbit that are central to a functioning modern society,” remarked Enrico Palermo, head of the Australian Space Agency. 

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Space Machines Company is an Australian company that delivers on orbit servicing and protection of critical space infrastructure through its Orbital Servicing Network. This company supports mobility, inspection, deorbiting, repair, life extension and protection capbaility to satellite customers when and where they need it. 

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The Call review: Musical AI harmonises with your voice in a transcendent new exhibition

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Leon Chew, The Call, Holly Herndon and Mat Dryhurst with sub, Serpentine, 2024
Leon Chew, The Call, Holly Herndon and Mat Dryhurst with sub, Serpentine, 2024

A chandelier evokes the rig of microphones used to capture the recordings

Leon Chew, The Call, Holly Herndon and Mat Dryhurst with sub, Serpentine, 2024

The Call
Holly Herndon and Mat Dryhurst
Serpentine North, London Closes 2 February 2025

Step into London’s Serpentine North gallery and the first thing you see is an organ. But it is far from a conventional instrument with gleaming flues and reeds. This organ is made up of fans used to cool graphics processing units. Each fan whirs at a pitch that depends on its oscillation, and the sounds combine in an otherworldly hymn…

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What happened when a rock as big as London hit Earth?

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What happened when a rock as big as London hit Earth?


Getty Images Artwork of an asteroid hitting earthGetty Images

The meteorite was 40-60km in diameter and left a crater 500km across

A huge meteorite first discovered in 2014 caused a tsunami bigger than any in known human history and boiled the oceans, scientists have discovered.

The space rock, which was 200 times the size of the one that wiped out the dinosaurs, smashed into Earth when our planet was in its infancy three billion years ago.

Carrying sledge hammers, scientists hiked to the impact site in South Africa to chisel off chunks of rock to understand the crash.

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The team also found evidence that massive asteroid impacts did not bring only destruction to Earth – they helped early life thrive.

“We know that after Earth first formed there was still a lot of debris flying around space that would be smashing into Earth,” says Prof Nadja Drabon from Harvard university, lead author of the new research.

“But now we have found that life was really resilient in the wake of some of these giant impacts, and that it actually bloomed and thrived,” she says.

The meteorite S2 was much larger than the space rock we are most familiar with. The one that led to the dinosaurs’ extinction 66 million years ago was about 10km wide, or almost the height of Mount Everest.

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But S2 was 40-60km wide and its mass was 50-200 times greater.

It struck when Earth was still in its early years and looked very different. It was a water world with just a few continents sticking out of the sea. Life was very simple – microorganisms composed of single cells.

Nadja Drabon Nadja and her colleagues went to the Eastern Barberton Greenstone Belt in South Africa to collect rock samplesNadja Drabon

Nadja and her colleagues went to the Eastern Barberton Greenstone Belt in South Africa to collect rock samples

The impact site in Eastern Barberton Greenbelt is one of the oldest places on Earth with remnants of a meteorite crash.

Prof Drabon travelled there three times with her colleagues, driving as far as possible into the remote mountains before hiking the rest of the way with backpacks.

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Rangers accompanied them with machine guns to protect them against wild animals like elephants or rhinos, or even poachers in the national park.

They were looking for spherule particles, or tiny fragments of rock, left behind by impact. Using sledge hammers, they collected hundreds of kilograms of rock and took them back to labs for analysis.

Prof Drabon stowed the most precious pieces in her luggage.

“I usually get stopped by security, but I give them a big spiel about how exciting the science is and then they get really bored and let me through,” she says.

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Nadja Drabon Nadja and her colleagues in the Eastern Barberton Greenstone Belt in South AfricaNadja Drabon

The team travelled with rangers who could protect them from wild animals like elephants or rhinos

The team have now re-constructed just what the S2 meteorite did when it violently careened into Earth. It gouged out a 500km crater and pulverised rocks that ejected at incredibly fast speeds to form a cloud that circled around the globe.

“Imagine a rain cloud, but instead of water droplets coming down, it’s like molten rock droplets raining out of the sky,” says Prof Drabon.

A huge tsunami would have swept across the globe, ripped up the sea floor, and flooded coastlines.

The 2004 Indian Ocean tsunami would have paled in comparison, suggests Prof Drabon.

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All that energy would have generated massive amounts of heat that boiled the oceans causing up to tens of metres of water to evaporate. It would also have increased air temperatures by up to 100C.

The skies would have turned black, choked with dust and particles. Without sunlight penetrating the darkness, simple life on land or in shallow water that relied on photosynthesis would have been wiped out.

Nadja Drabon A rock from the seafloor with a pen for scaleNadja Drabon

The team of geologists analysed rock showing evidence of ripped up seafloor

These impacts are similar to what geologists have found about other big meteorite impacts and what was suspected for S2.

But what Prof Drabon and her team found next was surprising. The rock evidence showed that the violent disturbances churned up nutrients like phosphorus and iron that fed simple organisms.

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“Life was not only resilient, but actually bounced back really quickly and thrived,” she says.

“It’s like when you brush your teeth in the morning. It kills 99.9% of bacteria, but by the evening they’re all back, right?” she says.

The new findings suggest that the big impacts were like a giant fertiliser, sending essential ingredients for life like phosphorus around the globe.

The tsunami sweeping the planet would also have brought iron-rich water from the depths to the surface, giving early microbes extra energy.

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The findings add to a growing view among scientists that early life was actually helped by the violent succession of rocks striking Earth in its early years, Prof Drabon says.

“It seems that life after the impact actually encountered really favourable conditions that allowed it to bloom,” she explains.

The findings are published in the scientific journal PNAS.



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