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Mistral Unveils 1-Trillion Parameter Multimodal Model to Compete Globally

French AI firm Mistral AI announced the release of Mistral Large 4 (ML4), a multimodal model with one trillion parameters, aiming to surpass both Western and Chinese rivals. Currently accessible only through a controlled endpoint, the company plans to release the model's weights in three weeks after safety evaluations are completed.

Nscale Files for NYSE IPO Under Ticker NSCL Amid Soaring AI Cloud Revenue

Nscale, a London-based cloud provider focused on AI infrastructure, has filed for an initial public offering on the New York Stock Exchange under the symbol NSCL. Its prospectus shows revenue jumped over 1,250% to $140.6 million in the first half of 2026, though the company posted a $1.02 billion net loss for the period and reports $56.4 billion in remaining performance obligations. Nscale rents out Nvidia GPUs to clients including OpenAI, Anthropic and Microsoft, and one undisclosed customer made up more than half of its first-half revenue.

Inception launches Mercury 2.5, a faster diffusion language model at cutting price

Inception has released Mercury 2.5, an update to its diffusion-based language model that the company says is 40% more intelligent than Mercury 2 while keeping the same low-latency, low-cost performance. The model runs at over 1,100 tokens per second on standard NVIDIA GPUs, supports a 260K-token context window, and launches at an 80% discount, priced at $0.04 per million input tokens and $0.15 per million output tokens.