What is Mistral AI? Everything to know about the OpenAI competitor

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Mistral Ai, the French company behind the Ai Le Chat assistant and many constituent models, is one of the most promising startups in France, and it can be said that it is the only European company that can compete with Openai. But compared to its $ 6 billion evaluation, its global market share is relatively low.

However, the last launch was met with chat assistant in mobile applications stores with some noise, especially in her home country. “Go and download Le Chat, which was made by Mistral, instead of Chatgpt by Openai – or anything else,” French President Emmanuel Macron said in a television interview before the AI ​​Action summit in Paris.

Although this wave of attention may be encouraging, wrong artificial intelligence still faces challenges in competition with the likes of Openai-and in doing this while keeping pace with its self-definition as “green and leadership in the world” independent artificial intelligence laboratory.

What is artificial bad intelligence?

Mistral AI raised large sums of funding since its establishment in 2023 with the ambition AI’s ambition in the hands of everyone. Although this is not a direct blow to Openai, the logo aims to highlight the company’s call for openness in artificial intelligence.

Her alternative to ChatGPT, LE Chat Assistant, is also available on iOS and Android. It reached one million downloads in the following two weeks for its mobile phone release, until the best place in France for free downloads on the iOS app.

This comes in addition to the Mistral AI models collection, which includes:

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Who are the founders of artificial intelligence?

The three founders of Mistral Ai are participating in artificial intelligence research in major American technology companies with important operations in Paris. DeepMing CEO Arthur Mench used to work from Google, while CTO Timothée Lacroix and Senior Scholars Guillaume Lample are former Meta employees.

Among the counselors participating in the founding of Jean-Carles Samuelian-Werva (also a member of the Board of Directors) and Charles Gornton of Alan Startup, as well as the former digital minister Cédric O, who Controversy Because of his previous role.

Are Mistral AI models open source?

Not all of them. Mistral AI distinguishes its first models Weights It is not available for commercial purposes, from its free models, which provide weight gain under APache 2.0 license.

Free models include research models such as Mistral Nemo, which have been built in cooperation with NVIDIA that has started Open source In July 2024.

How does Mistral AI earn money?

While many Mistral IQ offers are free or now have free levels, Mistral AI plans to lead some revenues from paid levels in Le Chat. The Le Chat’s Pro plan was offered in February 2025, with $ 14.99 a month.

On the pure B2B side, Mistral AI inserts its first models with application programming facades with useful prices. Institutions can also license these models, and the company is likely to generate a large share of its revenues from its strategic partnerships, some of which highlighted during the Paris AI summit.

In general, however, the revenues of poor artificial intelligence are still in the eight -digit range, according to multiple sources.

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What partnerships closed by Amnesty International?

In 2024, Mistral AI entered a deal with Microsoft that included a strategic partnership to distribute artificial intelligence models through the Microsoft Azure and investment of 15 million euros. CMA (CMA) has quickly concluded that the deal was not eligible to investigate due to its small size. However, it also raised some cash In the European Union.

In January 2025, Mistral Ai signed a deal with the Ace France-Presse (AFP) to allow chatting to inquire about the entire text archive of the Agence France-Presse dating back to 1983.

Mistral Ai also obtained strategic partnerships with France army and Work agencyAnd the start of German defense technology Helingand IBMand orangeAnd Stelantis.

How much financing has been collected by artificial intelligence so far?

As of February 2025, Mistral AI raised about one billion euros from capital so far, about $ 1.04 billion at the current exchange rate. This includes some debt financing, as well as many stock financing rounds collected in the close caliphate.

In June 2023, before its first models, Mistral AI raised a standard round of $ 112 million led by LightSpeed ​​Venture Partners. The sources said at that time the seed tour – The largest Europe ever Its value is estimated at one month at $ 260 million.

Other investors in this tour included BPIFRANCE, Eric Schmidt, Exor Ventures, First Minute Capital, Headline, JCDECAux Holding, La Famiglia, Localglobe, Motier Ventures, Rodolphe Saadé Sofina and Xavier Niel.

Just six months later, the A series of 385 million euros ($ 415 million at the time) closed, with a billion dollar evaluation. The tour was led by Andrink Horwitz (A16Z), with the participation of the current supporter, as well as BNP Paribas, CMA-CGM, conviction, Elad Gil, General Catalyst, and Salesforce.

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The transferred investment of $ 16.3 million has been offered by Microsoft in Mistral AI as part of its partnership announced in February 2024 as an annex of the series A, which means an unchanged evaluation.

In June 2024, Mistral AI raised 600 million euros in a mixture of stocks and debts (about $ 640 million at the exchange rate at the time). GENERAL CATALEST has led the long -running tour of $ 6 billion, with prominent investors, including CISCO, IBM, Nvidia, Samsung Venture Investment Corporation and others.

How can an artificial intelligence come out?

“Not for sale,” Minsh said in January 2025 at the World Economic Forum in Davos. “naturally, [an IPO is] the plan “.

This is logical, given the amount of lifting of emerging so far: Even the large sales process may not provide high complications enough for its investors, not to mention the fears of sovereignty depending on the acquisition.

However, the only way to replace continuous acquisition rumors is to expand its revenues to levels that can justify the evaluation of approximately $ 6 billion. Either way, watch.

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