What is Mistral AI? Everything to know about the OpenAI competitor | TechCrunch
News Source : TechCrunch
News Summary
- Mistral AI, the French company behind Le Chat and several foundational models, is now valued at €11.7 billion (approximately $13.8 billion) Its Series C funding round was led by Dutch semiconductor company ASML, which invested €1.3 billion ( approximately $1.5 billion) Le Chat reached 1 million downloads in the two weeks following its mobile release, even grabbing France’s top spot for free downloads on the iOS App Store.
- In March 2025, the company introduced Mistral OCR, an optical character recognition (OCR) API that can turn any PDF into a text file to make it easier for AI models to ingest.
Mistral AI, the French company behind AI assistant Le Chat and several foundational models, is officially regarded as one of Frances most promising tech startups and is arguably the only European com [+9085 chars]
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