About Mistral AI
Mistral AI was founded in April 2023 by Arthur Mensch, Guillaume Lample and Timothée Lacroix, who had first met while studying at École Polytechnique. In less than three years, the company’s valuation climbed to around €11.7bn ($13.8bn), supported by investors including ASML and Nvidia, and it now expects to generate more than $100m in annual revenue.
The company has positioned itself as a champion of open-source generative AI, aiming to broaden access to powerful language models and reduce reliance on what it calls “big AI.” Its portfolio includes the Mistral series of models in different sizes, with the Small versions available as open source.
Alongside these, Mistral launched Le Chat, a multilingual chatbot designed for both personal and professional use. With features such as real-time web search, document analysis and image generation, Le Chat highlights the company’s ambition to build AI that is accessible, with over a dozen languages already in its offering, including English, French, and German.