Mistral, the French generative AI underdog taking on US giants

(Image: AFP)

Fri, 17 Jan 2025

By Daxia RojasFounded less than two years ago, French generative artificial intelligence (AI) startup Mistral AI has swiftly staked out a place as the great European hope contending with US giants dominating the sector.Named for a legendary chill wind that sweeps France's Mediterranean coast, Mistral raked in a €600 million (NZ$1.01 billion) funding round last summer that was the largest of any French tech firm in 2024, according to consultancy KPMG.The new investments brought the company's valuation to almost €6b.Mistral was...

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