Capital for Mistral

Billion-euro valuation for ChatGPT rival from Paris

The valuation of French OpenAI rival Mistral is increasing at a breathtaking pace. According to the news site "The Information", the artificial intelligence (AI) specialist is looking to raise several hundred million dollars in fresh capital and is aiming for a valuation of five billion dollars (4.7 billion euros).

It is unclear which investors Mistral has spoken to about a new capital injection, wrote The Information, citing insiders.

The company was initially unavailable for comment. Around a month ago, the company was valued at more than two billion dollars in a media report about a possible investment by Japanese technology investor Softbank Mistral.

Microsoft is also interested
The start-up is developing the AI "Mixtral 8x7B", which is intended to compete with ChatGPT from OpenAI or Google's "Gemini". A few weeks ago, the software company Microsoft, which already works closely with OpenAI, announced a partnership with the French company.

The European Union wants to take a closer look at this deal. Mistral is also cooperating with Alphabet subsidiary Google. Alongside Aleph Alpha from Germany, the company is regarded as a promising European provider of generative AI.