Mistral puts trillion-parameter Large 4 weights on Hugging Face; Ottawa buys into Cohere's record round — October 30, 2026

Mistral released open weights for Large 4 and pitched it to security teams, while Canada's government took a stake in Cohere's planned $7 billion round. Alphabet's stock fell after Google said an AI Mode query earns less than a web search, and India's AM Intelligence is reportedly seeking up to $3 billion in debt to buy Nvidia Rubin chips.

In this episode

1. Welcome Le Chonk: Mistral Large 4 on Hugging Face — Hugging Face“Mistral Large 4 scores 82% on the Artificial Analysis Cyber Index test that asks a model to reproduce a real vulnerability in open-source software and then patch the software. Mistral reports that several closed frontier models score near zero on the same test because they…”
2. Ottawa buys stake in Cohere in funding round valuing AI company at $35.7-billion - The Globe and Mail — The Globe and Mail“To secure Ottawa’s investment, Cohere has committed to spend $1.7-billion on the buildout of compute infrastructure in Canada by 2030. It has also promised to remain headquartered in the country.”
3. Google admits AI search makes less money, but it's fixing that with more ads — Ars Technica“The other issue is that Google’s take on AI search isn’t pulling in revenue like standard web search yet. According to Schindler, each AI Mode query earns less revenue compared to a similar web search—there are fewer ads, and they cost less to run.”
4. Indian AI firm seeks to raise $3 billion to buy Nvidia chips: report — Priyanka Salve“The split between bonds and loans is yet to be finalized, but the firm expects to get $300 million in advance payment from potential offtakers, the report said.”

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