Bloomberg reports that the renowned French large model open-source platform Mistral is in talks with the MGX fund in Abu Dhabi and some French lending institutions to raise a round of financing worth up to $1 billion. This move indicates that Mistral is moving towards rapid expansion, further solidifying its position in the field of artificial intelligence.
MistralAI was founded in April 2023 by three researchers who previously worked at Meta AI and Google DeepMind — Arthur Mensch, Guillaume Lample, and Timothée Lacroix. Since its establishment, MistralAI has focused on developing high-performance artificial intelligence large models, and in September 2023, it released its first model, Mistral7B. This model performed excellently in multiple benchmark tests, surpassing the competitor Llama213B, demonstrating its strong technical capabilities.
Since its founding, MistralAI has raised funds quickly. In June 2023, the company successfully raised about 105 million euros; in October, it further raised 385 million euros; by December, its valuation had exceeded 2 billion euros. Entering 2024, Mistral continued to see a surge in funding, with the latest round reaching 600 million euros, and its valuation soared to about 5.8 billion euros. This funding will provide strong support for the company's continuous development and technological innovation.
In terms of products, MistralAI not only focuses on single large models but also actively develops multiple models based on a mixture of experts architecture, such as Mixtral8x7B and Pixtral Large. At the same time, to meet the needs of edge devices, Mistral has also launched the MiniStral series of small models. Its flagship model, Mistral Large, supports multilingual communication, including French, English, German, Spanish, and Italian, demonstrating its potential in the global market.
With the continuous development and deepening application of artificial intelligence technology, MistralAI, relying on its outstanding technology and continuous financing, is accelerating its layout in the AIGC field, and its future development is highly anticipated.
Key Points:
🌟 Mistral is in talks with MGX fund and other institutions for a $1 billion financing round, further promoting its expansion.
💡 MistralAI was established in 2023 and has released several high-performance models, quickly gaining market recognition.
🚀 Funding continues in 2024, with a valuation of 5.8 billion euros, showing strong development momentum.