Mistral AI Raises €3 Billion With Samsung Leading the Round
TL;DR
French artificial intelligence company Mistral AI is raising €3 billion ($3.49 billion) in a Series D funding round, with Samsung Electronics joining the round. Chief Executive Officer Arthur Mensch argues that the company is probably still undervalued and that macroeconomic reasons are starting to show that open source models will win. He speaks with Bloomberg’s Tom Mackenzie. (Source: Bloomberg).
Nauti's Take
Three billion euros and Samsung as lead investor give Europe a real chance at an AI provider that can compete on compute and talent, and open models stay a serious option next to the closed US stacks. The risk sits in the 21 billion dollar valuation, which Mistral still has to back with revenue, and open source monetizes harder than closed subscriptions.
European teams under strict data rules gain a credible alternative, while anyone planning long term should watch the revenue numbers in the coming rounds.
Summary
French artificial intelligence company Mistral AI is raising €3 billion ($3.49 billion) in a Series D funding round, with Samsung Electronics joining the round. Chief Executive Officer Arthur Mensch argues that the company is probably still undervalued and that macroeconomic reasons are starting to show that open source models will win.
He speaks with Bloomberg’s Tom Mackenzie. (Source: Bloomberg)
Sources
