Mistral, a French AI lab co-founded by Arthur Mensch in 2023 with former researchers from Google DeepMind and Meta, aims for an IPO and is expanding its offices, including a new one in Singapore. The lab positions itself as Europe's competitor to U.S. giants like OpenAI, offering significant AI models and services, including the ChatGPT-like platform named Le Chat. Having raised $1.14 billion from notable investors, the company was last valued at approximately $6 billion, establishing itself as a formidable player in the AI sector.
Mistral is 'not for sale,' CEO Arthur Mensch emphasized, while discussing plans for an IPO and expansion into the Asia-Pacific market. 'Of course, [an IPO is] the plan.'
Founded in 2023 by ex-Google and Meta researchers, Mistral aims to compete with major U.S. AI firms, having raised $1.14 billion and valued at $6 billion.
Mistral's new office in Singapore will focus on expanding its influence in the Asia-Pacific region, showcasing its commitment to growing its global footprint.
Mistral is considered Europe's response to OpenAI, developing competitive AI models and services, including their ChatGPT-like platform, Le Chat.
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