PYMNTS.com January 21, 2025
Mistral AI, France’s open-source answer to OpenAI, plans to go public instead of being acquired.
“We are not for sale,” CEO and co-founder Arthur Mensch told Bloomberg TV Tuesday (Jan. 21).
There had been speculation that the startup would be acquired by Microsoft, in part due to a partnership and the tech giant’s investment of 15 million euros ($15.6 million) in Mistral. (Microsoft has invested nearly $14 billion in OpenAI.)
As for fundraising efforts, Mensch said in the interview that Mistral is not raising money now, adding the startup has “plenty” of capital. He said the founders left Big Tech in the United States to start the company in Europe to prove the region can challenge the best of Silicon...
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