Monday, 8 September, 2025
Europe’s Open-Source Powerhouse Takes on OpenAI with $14B Valuation
Mistral AI, a Paris-based startup founded in 2023 by ex-DeepMind and Meta researchers, is emerging as Europe’s leading AI challenger to OpenAI, offering open-source models and the chatbot Le Chat with over 1 million downloads. The firm reached a potential $14 billion valuation following a €2 billion investment, edging into heavy competition territory.
Read full story at TechCrunch