Mistral's $3.5B Raise, Samsung Profit up 18x from AI Memory

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If you want to get access to this episode and my next 30 episodes all ad-free so there'll be no ads on them, go check out my podcast AI Chat. You can go search for that on Spotify or Apple, it's AI Chat. I'm going to post all of these news episodes and I'm also posting interviews like I just interviewed the CEO of Cohere. They've raised over a billion dollars for their AI model talking about what they're going to be spending the money on and the direction of the AI industry along with all of this new stuff. So if you want to go check it out with no ads for free, it is AI Chat. Samsung is set to post an 18x profit jump because of AI memory demand. Mistral AI is looking at a $3.5 billion raise and a $23 billion valuation. Their revenue has hit over $400 million and Mid Journey is asking Disney, Universal and Warner Brothers to disclose their own AI use because there's a bunch of lawsuits and everyone is accusing Mid Journey of using copyrighted content. So they're trying to flip the tables here.
Station F's FAI Accelerator is coming back. Their first cohort got $34 million in pre-seed funding. And we're going to see what's happening next there. Fable 5 has just reached the top of the kernel bench mega. That is a benchmark. And this is at the same time that AI agents are quadrupling, going 4x on real freelance work, what they're actually able to accomplish. So we're going to talk about some of the capabilities of Fable 5, what this new benchmark is saying. Currently, Claude Cowork is my absolute favorite tool for getting things done. Being able to tell it to accomplish a task and it being able to control your Chrome browser, use all of the files on your computer, and basically get everything done that you need to with logged in sessions is absolutely incredible. Adding MCPs is the best thing I've ever been able to do for it. The only problem with Claude is that it doesn't have image, audio or video AI capabilities. Of course, it's super smart and great at code, but I need so many different assets for all of my projects that I'm working on, whether I'm making websites and I need images inside of them, or I'm doing ads and I need video creation for all of that. Or if I'm doing things with podcasting, I have a lot of AI autonomous podcast projects, and I need audio. I built an MCP for my startup AI Box.AI that lets you get all of the audio, image and video right inside of Claude. So this morning I was talking to Claude, I needed to make a podcast cover for something, and I said, go use the AI Box image generator, use OpenAI image 1.5, but you could say anything, right? You could say Gemini 3.5 Pro, whatever. And I said, go and make an image, go make a podcast cover. And I explained exactly the prompt that I was used for making podcast covers. It just used the MCP, connected to AI Box, generated the image, gave me a link, and I could go download it immediately. This is the biggest unlock for Claude. If you want to try out the MCP that I've created for Claude, go to AIBox.AI slash Claude. I'll leave that in the description, and you get access to all of that for like $8 a month. Meaning you have all of the image, audio, video inside of Claude. Call it at any time with AI Box's MCP. It's absolutely incredible, super useful, and I hope that unlocks Claude for you. Samsung is expecting to have profits that are 18 times higher than they were a year ago, and of course, the biggest reason is AI, but specifically the demand has exploded for something called high bandwidth memory or HBM. So essentially, you could think of this as ultra fast memory, and it's stacked into layers and attached directly into AI chips.
NVIDIA and AMD are both using this, so this is like memory that's bolted straight onto their processors, and it essentially lets AI models process tons of data really fast. It gives them that speed. So a couple of years ago, the entire memory industry had completely crashed. I think 2023 to 2024 prices were falling because there was way too much supply, so they basically overbuilt.
But then all of a sudden, we had this perfect moment where OpenAI, Microsoft, Google, Amazon, Meta, all of them started buying up AI hardware in just insane quantities, hundreds of thousands of chips at a time. And so the whole market has switched now. All of a sudden, instead of this big oversupply that we had before, we now have a massive undersupply, and so the market is skyrocketing. And any of these companies that are building this memory are making a ton of money. So Samsung was initially behind, I think, the biggest competitor, which is SK Hynix. This is from South Korea, and I think I've talked about them on other podcasts before, but they are also benefiting from this a ton. And so now Samsung is kind of coming right behind them.