Mistral, a French artificial intelligence start-up, said on Tuesday that it had raised 600 million euros, or about $640 million, from investors, a sign of robust interest in a company seen as Europe’s most promising rival to OpenAI and other Silicon Valley A.I.
Mistral is now valued at €5.8 billion, according to a person familiar with the investment, an eye-popping sum for a company founded just one year ago by alumni from Meta and Google.
Since OpenAI released ChatGPT in November 2022, investors have poured money into generative A.I.
Two weeks ago, Elon Musk raised $6 billion for his start-up, xAI.
OpenAI has raised roughly $13 billion from Microsoft, while another California start-up, Anthropic, has raised more than $7.3 billion.
Persons:
Andreessen Horowitz, Elon Musk, OpenAI
Organizations:
Meta, Google, Catalyst, Lightspeed Ventures, Nvidia, Samsung, Salesforce, Cisco, IBM, BNP, Microsoft
Locations:
California