Mistral, the French generative AI underdog taking on US giants

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Founded less than two years ago, French generative artificial intelligence (AI) startup Mistral AI has swiftly staked out a place as the great European hope contending with US giants dominating the sector.Named for a legendary chill wind that sweeps France’s Mediterranean coast, Mistral raked in a 600-million-euro ($620 million) funding round last summer that was the largest of any French tech firm in 2024, according to consultancy KPMG.

The new investments brought the company’s valuation to almost 6 billion euros.

Mistral was set up in April 2023 by…



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Mistral, the French generative AI underdog taking on US giants


Founded less than two years ago, French generative artificial intelligence (AI) startup Mistral AI has swiftly staked out a place as the great European hope contending with US giants dominating the sector.Named for a legendary chill wind that sweeps France’s Mediterranean coast, Mistral raked in a 600-million-euro ($620 million) funding round last summer that was the largest of any French tech firm in 2024, according to consultancy KPMG.

The new investments brought the company’s valuation to almost 6 billion euros.

Mistral was set up in April 2023 by…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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