Mistral, a French A.I. Start-Up, Is Valued at $6.2 Billion
Summary
Mistral, a French artificial intelligence start-up, said on Tuesday that it had raised 600 million euros, or about $640 million, from investors, a sign of robust interest in a company seen as Europe’s most promising rival to OpenAI and other Silicon Valley A.I. Mistral is now valued at €5.8 billion, according to a person familiar with the investment, an eye-popping sum for a company founded just one year ago by alumni from Meta and Google. Investors in the latest round included the venture capital firms General Catalyst, Andreessen Horowitz and Lightspeed Ventures, as well as Nvidia, Samsung, Salesforce, Cisco, IBM and BNP Paribas. Since OpenAI released ChatGPT in November 2022, investors have poured money into generative A.I. technology, which can answer questions in humanlike prose, create images and write software code.