Plus, Apple stock hits record high. And Raspberry Pi shares soar on their first day of trading. Zoe Thomas hosts.
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[00:00:00] Zscaler extended its Zero Trust architecture with powerful AI engines trained by 500 trillion daily signals to prevent ransomware and AI attacks that target business. Zscaler Zero Trust plus AI. Learn more at zscaler.com slash zero trust AI. Here's your TNB Tech Minute for Tuesday, June 11th.
[00:00:24] I'm Zoe Thomas for The Wall Street Journal. French startup Mistral AI raised 600 million euros, about $646 million, from Nvidia, Salesforce and other investors. The company is looking to gain scale in a market dominated by OpenAI, the maker of ChatGPT and Silicon Valley Giants.
[00:00:44] The announcement comes a month after The Wall Street Journal reported that Mistral AI was nearing a deal to raise funds at a roughly $6 billion valuation. The Wall Street Journal owner News Corp. has a content licensing partnership with OpenAI.
[00:00:59] Apple's stock had its first record close of the year, according to Dow Jones Market Data. It came a day after the iPhone maker announced plans for a personalized version of artificial intelligence for its device users called Apple Intelligence. Shares rose over 7%.
[00:01:16] Apple's market value jumped by $215 billion, its biggest ever one-day gain, to a record closing high of $3.176 trillion. And shares of UK low-cost computer maker Raspberry Pi soared during their initial trading day on the London Stock Exchange.
[00:01:34] The company closed with a market cap of over $946 million, and shares ended the day 7% higher than their opening price of £3.60. Raspberry Pi sells bare-bones computers. The latest version retails from $60. For a deeper dive into what's happening in tech, check out Wednesday's Tech News Briefing Podcast.