January 23rd.France AI Startups Mistral Arthur Mensch, AI's founder and chief executive officer, said in an interview with Bloomberg Television on Tuesday, local time, that the company will not be sold and is planning an IPO.
Arthur Mensch also stated in the interview thatThe enterprise is opening an office in Singapore to strengthen its presence in the Asia-Pacific region.At the same time, we continue to grow our business in Europe and the United States.
Like its larger U.S. competitors OpenAI and Anthropic, Mistral AI, founded in early 2023, has released a series of AI models and launched the le Chat chatbot service.
Arthur Mensch believes that Mistral AI'sThe advantage is that its AI models are cheaper to runIt also better meets the needs of European organizations that want to comply with the EU's GDPR data exit regulation (and therefore do not want to hand over their data to AI service providers outside the EU).
Mistral AI, which has just raised €600 million (currently around Rs. 4,548 million) from investors like A16z at a valuation of €5.8 billion in 2024, says Arthur Mensch that the company currently has enough capital to meet its operational needs at this stage, but may need to initiate new funding if it needs to scale up to compete with larger rivals. Arthur Mensch said the company currently has enough money to meet its operational needs at this stage, but may need to initiate new financing if it needs to expand to compete with larger rivals.