What is Mistral AI? Everything to know about the OpenAI competitor

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What is Mistral AI? Everything to know about the OpenAI competitor - TechCrunch

Quick Summary:

Mistral AI, the French company behind AI assistant Le Chat and several foundational models, is officially regarded as one of France’s most promising tech startups and is arguably the only European company that could compete with OpenAI.

As of February 2025, Mistral AI raised around €1 billion in capital to date, approximately $1.04 billion at the current exchange rate.

Mistral AI also secured strategic partnerships with France’s army and job agency, German defense tech startup Helsing, IBM, Orange, and Stellantis.