Weights

• Nvidia and 24 other companies, including chipmakers, cloud operators, and venture funds, have signed an open-weights letter advocating for the accessibility of AI models. • The group is responding to potential U.S. government restrictions and a possible ban on Chinese AI models to protect national security. • Notably, major frontier model developers such as OpenAI, Anthropic, and Google are absent from the list, as none of the signatories sell access to closed frontier models.

• Mistral AI is seeking $3.5 billion in funding to advance its goals of European AI sovereignty and enterprise-grade technology. • The company has promised to release a new open weights model this summer to compete in the evolving AI landscape. • This strategic move comes amid rising demands for sovereign technology and follows disruptions to other models, such as those from Anthropic.

• South Korean stocks plummeted 4% on Friday, driven by a sharp decline in tech heavyweights following a sell-off of AI-linked names on Wall Street. • The downturn extended across Asia-Pacific markets, with Hong Kong's Hang Seng index dropping 0.46% and the CSI 300 declining 0.29%. • This shift reflects a broader market rotation away from chip stocks, which paradoxically helped the Dow Jones Industrial Average reach a record close.

The 79th edition of the film festival will see work by Pedro Almodóvar, Hirokazu Kore-eda and László Nemes considered for the coveted Palme d’OrGillian Anderson, Rami Malek, Cara Delevingne and John Travolta are expected to walk the red carpet at Cannes this year, as the world’s most influential film festival unveiled an auteur-heavy lineup for its 79th edition.Competing for the coveted Palme d’Or will be new films by heavyweights Pedro Almodóvar, Hirokazu Kore-eda, Paweł Pawlikowski, László Nemes and Asghar Farhadi. Continue reading...