Discussions about securing an additional €500 million in funding for the French AI start-up, Mistral, have begun with an investor. If this round is successful, Mistral’s valuation will be set at a minimum of €5 billion. This decision follows the approval of €400 million, raising doubts about Europe‘s assessment of the company’s worth.
In addition to venture capitalists and sovereign wealth funds, other investors are actively expressing strong enthusiasm for the Mistral project, viewing it as a rival to American companies OpenAI and Anthropic. A Paris-based organization founded on May 23rd, consisting of AI scientists from Meta and Google, has likewise gained significant traction due to its advancements in AI technology.
It’s impressive how quickly Mistral has gained traction in the AI industry within a short timeframe, considering that other similar success stories have emerged recently. After launching successful AI models and introducing products like Le Chat, Mistral began generating income and attracting increased investor attention as a result.
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2024-04-20 04:20