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Mistral raises €3B

mistral.ai

51–60 of 611 posts

Re: Mistral raises €3B

#51

Earlier quoted context omitted.

Maybe true for frontier LLM, but there's plenty of space in the niches. For example, I think their TTS/STT models are pretty good, speaking from personal experience.

Is there money in niche models?

Is there money in frontier?

Re: Mistral raises €3B

#52
post #28
post #6

Earlier quoted context omitted.

If you follow the ideology of the Silicon Valley billionaire types, based around Ayn Rand (eg “Atlas Shrugged”) and Curtis Yarvin, as well as what Thiel himself has said over the years, the Antichrist is governmental institutions, seen as the inhibitors of progress. I am not joking btw.

to be fair, there is no plausible explanation for Mistral's fall into irrelevance other than having to deal with regulatory burden. US and CN labs get to feed their models all the data in the world while Mistral has to comply with Let's-Smother-The-AI-Baby-In-The-Crib-To-Maybe-Prevent-It-From-Maybe-Becoming-A-Criminal Act that EU nepo babies had expedited as soon as AI became the current thing. Mistral had open-weigh…

Most things in the EU AI Act are entirely reasonable. On its own it's a pretty sensible piece of legislation.

But the US and China are incredibly lenient on enforcing even existing laws against their AI companies. In the US the standard seems to be "no instructions to make bombs or drugs, and the ability to make porn of living people has to be restricted to paid users". Laws around cyber security and copyright that used to be heavily enforced are seemingly suspended for AI companies, or settled out of court. No company that tries to actually follow the law can compete with that

Re: Mistral raises €3B

#53
post #35

Mistral is not that bad as the comments here suggest. I am not using it as a frontier model but with simple RAG tasks and its doing great. Also OCR is pretty decent. It's a positive development that Europe is at least trying. Alternative would be: do nothing.

That's kinda damning with faint praise, but I agree, I am glad to see something. I've been disappointed in their coding ability -- it's where I'm most focused, I've built and we are selling a (specialised) coding agent -- and hopefully investment will give them the ability to achieve more in their research and model development.

They have been focusing largely on government and business not consumer, which is fine. Perhaps coding is not something they want to achieve, but they do provide Codestral. It's a signal it's a market of interest to them.

Re: Mistral raises €3B

#54
post #19

No amount of $ would improve mistral if they cant fix fundamental flaws. They aren't even on par with chinese models a year ago.

If Mistral aren't going to distill other people's large models they obviously need to train their own large models. This obviously requires money for optimization, tuning and training hardware.

Re: Mistral raises €3B

#55
post #25

Earlier quoted context omitted.

*losing trillions

Anthropic is thought to be cash flow positive now.

And my wallet is thought to contain a billion dollars, so long as I don't open it.

Seriously "thought to be" is such a baseless statement. Thought to be by whom? And on what basis?

Re: Mistral raises €3B

#56
post #45

Mistral is an interesting AI company because they clearly have a contrarian business strategy to the other AI labs. They're also landing big customers in Europe for the right reasons. People dump on them because they're not benchmaxxxing which is pretty shortsighted - do you really want to be in a benchmark arms race with China, or do you want to make money and deploy sovereign AI compute in Europe?

They are regulationmaxxing instead of benchmaxxing, that's my problem with them.

Re: Mistral raises €3B

#57
I really do hope they can catch up with the American models, but I think setting the Chinese models as the goal would be best. They seems to be able to create great models with low cost that are probably useful for 90% of the day to day tasks. Mistral should not focus on competing with Claude Fable or OpenAI's Astra at first but have a good EU alternative to Opus or even Sonnet. The fact that it's European will be enough to be used by a lot of companies and governments in the EU that are (trying to) move away from US tech.

Re: Mistral raises €3B

#58
post #19

No amount of $ would improve mistral if they cant fix fundamental flaws. They aren't even on par with chinese models a year ago.

Honestly being only 1 year behind makes me an optimist. You’re telling me Europe can be slightly behind with 1000x less capex and way more sustainable economics? Awesome. The world moves slower than AI progresses, I can see a scenario where 1 year isn’t a problem.

Re: Mistral raises €3B

#59
post #45

Mistral is an interesting AI company because they clearly have a contrarian business strategy to the other AI labs. They're also landing big customers in Europe for the right reasons. People dump on them because they're not benchmaxxxing which is pretty shortsighted - do you really want to be in a benchmark arms race with China, or do you want to make money and deploy sovereign AI compute in Europe?

This is a bottom feeder mentality. Europe has enough bright people and resources to truly compete in the AI race. There is something wrong when the only selling point is that it's local.
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