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Mistral raises 1.7B€, partners with ASML

mistral.ai

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Re: Mistral raises 1.7B€, partners with ASML

#61

Post by prof-dr-ir »

apexalpha wrote: post #46
molf wrote: post #37

Earlier quoted context omitted.

Not only are the CEO + COO French, they recently hired Le Maire, French ex-minister of Finance as a strategic advisor. ASML has also been rumoured to exit the Netherlands and relocate to France. It is definitely a political move.

I doubt the relocation: they just announced a new production site with 20.000 job openings in the next 3 years around Eindhoven. I'm sure the French would love it, though. I always thought ASML would open a R&D facility in France or so to court the French government. Guess this is it.

I agree that a relocation might not happen, but the increasing Frenchification of ASML after their CEO became French does smell a little off.

Re: Mistral raises 1.7B€, partners with ASML

#62

Post by palata »

helqn wrote: post #53
XorNot wrote: post #33

Earlier quoted context omitted.

I'm pretty sure Europe doesn't want to cede AI development entirely to China.

Europe has ceded development of all tech to China and the US, I don’t see why AI should be any different.

Because it did doesn't mean it still wants to.

Re: Mistral raises 1.7B€, partners with ASML

#63

Post by hirako2000 »

helqn wrote: post #53
XorNot wrote: post #33

Earlier quoted context omitted.

I'm pretty sure Europe doesn't want to cede AI development entirely to China.

Europe has ceded development of all tech to China and the US, I don’t see why AI should be any different.

And Europe is now waking up to that. The people have access to YouTube and caught up on what's been going in European industries. Entering a multi polar world they are at least now informed.

Edit: related, France had many of these commissions to report on the dismantling of it's industrial fabric: https://youtu.be/1OH5PqO_O1Q

Re: Mistral raises 1.7B€, partners with ASML

#66

Post by FirmwareBurner »

armarr wrote: post #8
greyb wrote: post #3

I truly do not see the USP for Mistral other than being based in EU. It's former USP of setting up their models on-premises for clients is now moot with the proliferation of open frontier models. I'd love to be proven wrong but I don't see a path forward for Mistral at this point, given how far they're behind and their overall lack of competitive advantages for an AI Lab like access to hardware, cheap energy or a mas…

Do they really need to be anything more than the best European option to be successful? Especially with how

>Do they really need to be anything more than the best European option to be successful?

With government agencies and some large enterprise? NO, it doesn't need anything more than being European, though I fully expect each EU government will then want its own in-house AI in order to launder some taxpayer money to the right consultancies with ties to political parties.

With consumers on the open free market? YES it needs a lot more than just being European, since without any tariffs or regulations, consumers will always vote with their wallet for the best product and best value for money they can get, no matter where it comes from, no matter the geopolitics. Period. See Chinese made TikTok.

And if you look in the CONSUMER tech product market, it's been captured by US SW & HW, and Chinese HW with some Japanese presence. Other than Spotify, EU products are notoriously absent form the consumer tech industry since they couldn't out-innovate the US and they couldn't cost-cut China, so they got squeezed out.

Re: Mistral raises 1.7B€, partners with ASML

#67

Post by croemer »

ojosilva wrote: post #24
greyb wrote: post #3

I truly do not see the USP for Mistral other than being based in EU. It's former USP of setting up their models on-premises for clients is now moot with the proliferation of open frontier models. I'd love to be proven wrong but I don't see a path forward for Mistral at this point, given how far they're behind and their overall lack of competitive advantages for an AI Lab like access to hardware, cheap energy or a mas…

Except that the risks of running open models from dubious, misaligned foreign sources (China primarily) make it nearly impossible for the enterprise to plug it into their infrastructures today. It's so easy to plug/poison a backdoor into these models, it's not even funny! OTOH, Mistral may be confronted with the fact that enterprises are slow adopting tech, slower in conservative UE, and that for the time being, the…

s/UE/EU/ ;)

Re: Mistral raises 1.7B€, partners with ASML

#68

Post by noosphr »

elAhmo wrote: post #45
rdos wrote: post #30

Earlier quoted context omitted.

Anthropic has much more funding than that. Most recent one was at $13B at the one before was at $3.5B. Now imagine that GPT recieved $40B in one round!

GPT is not a company

Neither is OpenAI, but here we are.

Re: Mistral raises 1.7B€, partners with ASML

#70

Post by ttoinou »

greyb wrote: post #3

I truly do not see the USP for Mistral other than being based in EU. It's former USP of setting up their models on-premises for clients is now moot with the proliferation of open frontier models. I'd love to be proven wrong but I don't see a path forward for Mistral at this point, given how far they're behind and their overall lack of competitive advantages for an AI Lab like access to hardware, cheap energy or a mas…

The pixtral models are quite good and fast. They might be on par with gemma 3
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