While its technologies are constantly evolving, the French artificial intelligence laboratory Mistral could also increase its valuation. In 2024, the startup raised 600 million euros, which enabled it to reach a valuation of almost 6 billion euros. And apparently, the company is preparing a new operation which would allow it to raise a billion dollars, according to the Financial Times. Mistral would currently be under discussion with risk capital funds, and with the MGX fund of Abu Dhabi, for a fundraising that would make its valuation to $ 10 billion.
Mistral would plan to use the funds raised to support the marketing of Le Chat, its French Chatgpt competitor, while continuing to develop its models of artificial intelligence. Even if the cat does not yet offer all the features of Chatgpt, it continues to progress. Today, the cat offers for example an AI of reasoning, which makes it possible to solve more complex problems. This also offers an in-depth research tool, capable of exploring the web to provide detailed reports.
A European AI to counter Chatgpt
Mistral is today the most advanced European company in the AI race. And her chatbot The cat is one of the best alternatives in the world, in Chatgpt. And the company already generates important income. Moreover, according to the Financial Times, if Mistral continues its growth, it could exceed $ 100 million in annual income.
One of the advantages of Mistral technologies is its effectiveness. But, in addition to this, the fact that it allows companies to use an AI that does not depend on the major American groups is also an advantage. Moreover, according to the Financial Times, “a relatively small number” of large customers would be the cause of the growth of Mistral income.
- Mistral would negotiate a new fundraising with investors, to raise a billion dollars
- The operation would pass the valuation of the French startup at $ 10 billion
- The cat, the Mistral chatbot, is today part of one of the main chatgpt competitors and this chatbot already offers features such as reasoning or in -depth research
- Mistral would also be about to cross $ 100 billion in annual income
- Mistral offers very effective technologies and also allows companies to reduce their dependence on American giants
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