What is Mistral AI? Everything to know about the OpenAI competitor
SMRTR summary
Mistral AI is a French company often compared to OpenAI, but it operates differently — focusing on deploying AI for governments and large corporations rather than competing for consumer attention. With over $400 million in annual recurring revenue and a rumored $3.5 billion fundraise at a $23 billion valuation, Mistral is growing fast. Its CEO plans an IPO, and a major open-weight model is expected this summer.
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