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Mistral AI

Mistral AI
Company typePrivate
IndustryArtificial intelligence
Founded28 April 2023
Founders
  • Arthur Mensch
    (Co-Founder & CEO)
  • Guillaume Lample
    (Co-Founder & Chief Scientist)
  • Timothée Lacroix
    (Co-Founder & CTO)
Headquarters
Paris
,
France
Products
  • Mistral 7B
  • Mixtral 8x7B
  • Mistral Medium
  • Mistral Large
  • Mixtral 8x22B
  • Codestral 22B
Websitemistral.ai

Mistral AI is a French company specializing in artificial intelligence (AI) products. Founded in April 2023 by former employees of Meta Platforms and Google DeepMind,[1] the company has quickly risen to prominence in the AI sector.

The company focuses on producing open source large language models,[2] emphasizing the foundational importance of free and open-source software, and positioning itself as an alternative to proprietary models.[3]

In October 2023, Mistral AI raised €385 million.[4] By December 2023, it was valued at over $2 billion.[5][6][7]

In June 2024, Mistral AI announced a new funding round of €600 million ($645 million), significantly boosting its valuation to €5.8 billion ($6.2 billion).[8] This round was led by the venture capital firm General Catalyst, with participation from existing investors.[9]

Mistral AI has published three open-source models available as weights.[10] Additionally, three more models—Small, Medium, and Large—are available via API only.[11][12]

Based on valuation, the company is in fourth place in the global AI race and in first place outside the San Francisco Bay Area.[13] Mistral AI aims to "democratize" AI by focusing on open-source innovation.[14]

  1. ^ "France's unicorn start-up Mistral AI embodies its artificial intelligence hopes". Le Monde.fr. 2023-12-12. Retrieved 2023-12-16.
  2. ^ "Buzzy Startup Just Dumps AI Model That Beats GPT-3.5 Into a Torrent Link". Gizmodo. 2023-12-12. Retrieved 2023-12-16.
  3. ^ "Bringing open AI models to the frontier". Mistral AI. 27 September 2023. Retrieved 4 January 2024.
  4. ^ Metz, Cade (10 December 2023). "Mistral, French A.I. Start-Up, Is Valued at $2 Billion in Funding Round". The New York Times.
  5. ^ Fink, Charlie. "This Week In XR: Epic Triumphs Over Google, Mistral AI Raises $415 Million, $56.5 Million For Essential AI". Forbes. Retrieved 2023-12-16.
  6. ^ "A French AI start-up may have commenced an AI revolution, silently". Hindustan Times. December 12, 2023.
  7. ^ "French AI start-up Mistral secures €2bn valuation". ft.com Financial Times.
  8. ^ Kharpal, Arjun (2024-05-24). "CEOs of AI startups backed by Microsoft and Amazon are the new tech rockstars". CNBC. Retrieved 2024-06-13.
  9. ^ "Tripling Down on Mistral AI | General Catalyst". www.generalcatalyst.com. Retrieved 2024-06-13.
  10. ^ "Open-weight models and Mistral AI Large Language Models". docs.mistral.ai. Retrieved 2024-01-04.
  11. ^ "Endpoints and Mistral AI Large Language Models". docs.mistral.ai.
  12. ^ "Endpoints and benchmarks | Mistral AI Large Language Models". docs.mistral.ai. Retrieved 2024-03-06.
  13. ^ Bratton, Laura (2024-06-12). "OpenAI's French rival Mistral AI is now worth $6 billion. That's still a fraction of its top competitors". Quartz (publication). Retrieved 2024-06-13.
  14. ^ Webb, Maria (2024-01-02). "Mistral AI: Exploring Europe's Latest Tech Unicorn". techopedia.com. Retrieved 2024-06-13.

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