2023-12-15 15:14:53.AIbase.4.2k
European AI Startup Mistral Reaches $2 Billion Valuation, Completes Two Funding Rounds in Six Months
Mistral AI, established just six months ago, completed two funding rounds of $113 million and $415 million, skyrocketing its valuation from $260 million to $2 billion. Mistral AI released its open-source model Mixtral 8x7B, which performs closely to GPT-4. Mistral AI is regarded as 'France's OpenAI' and has received strong support from President Macron. Mistral AI aims to compete directly with OpenAI through open-source and differentiated positioning.