This week we discuss: 02:07 — Improbable’s refocus on the metaverse sees big reduction in losses 04:46 — ‘The economics of trading equity for compute are not great’ — Mistral releases its first model 07:15 — Dutch arm of vertical farming startup Infarm declared bankrupt 11:22 — US eyes British startups in chip sovereignty bid 13:50 — UK-France AI rivalry heats up with dual summits 14:48 — Why is applying for EU funding such a nightmare? Get yourself a ticket to the Sifted Summit here.