🇫🇷 Just had a chat with Arthur Mench, the CEO & co-founder of Mistral AI! Here’s the scoop:
💰 Major funding alert: Mistral just bagged €1.7B, with ASML dropping €1.3B into the pot. Company valuation? Over €10B! 🚀
🤝 Strategic partnership: Teaming up with ASML to amp up lithography machine precision. Expect AI to play a key role in semiconductor production—think plasma management and other essential processes!
💡 Business model breakdown:
- Core models are still open source 🎉
- Revenue streams from corporate products, consulting, and cloud services. 💻
📈 Capital usage: The fresh funds will fuel computational scaling in France and global expansion. 🌍
💪 Values & principles: Mistral champions independence and the growth of European AI in collaboration with industry giants. They’re all about transparency in user data management and calling out the “lazy UX” that puts info access in the hands of a few US platforms.
⚡️ Mistral is stepping up as Europe's AI front-runner with big global goals!
Check it out here: youtube.com/watch?v=bvX5m4wRiZM