From LeMonde and AFP, January 22:
The head of the French artificial intelligence company said Thursday that earnings were expected to pass the symbolic billion-euro threshold this year. The projection places Mistral at the forefront of AI in Europe, but far beyond US competitors.
French generative artificial intelligence developer Mistral should top €1 billion ($1.2 billion) in revenue this year, chief executive Arthur Mensch said Thursday, January 22, at the World Economic Forum in Davos. That level of income would still leave Mistral, one of Europe's leading lights in AI, far behind American competitors such as OpenAI and Anthropic, although profitability remains elusive for most of the sector.
"We should cross a billion by the end of the year," Mensch told Bloomberg TV in response to a question about revenue. He added that Mistral will likely spend around the same amount this year on the powerful computer chips and associated infrastructure needed to develop and run AI models. Meanwhile, "we are in the process [of] looking at a few opportunities" for acquisitions, Mensch said, without going into details about business areas or geographical locations.
Mistral raised €1.7 billion in September, bringing aboard Dutch chipmaking technology giant ASML as a key investor. The fundraise valued the company at €11.7 billion, putting it in a leading position in Europe but far short of the price tags in the hundreds of billions on US heavyweights....
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