Live data from Hacker News

Mistral raises €3B

mistral.ai

141–150 of 611 posts

Re: Mistral raises €3B

#141
post #136
post #134

Earlier quoted context omitted.

People have been using LLMs for two year. It's not just this week's LLM release that is capable something.

It's not this week's change. Fable was the step change for programming. And most of truly useful and powerful capabilities arrived in the last eight months.

People said this for Opus 4.6 too. Every release the models get RLHF'ed into accomplishing a new task and the people who need to do this task think there was a step change.

Re: Mistral raises €3B

#142
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?

With how they’re currently being used we might as well call them bendmarks.

Every newly released model is paraded as SOTA showing peak or near peak performance on cherry-picked bendmarks the model was either fine-tuned on, or tested under specific conditions optimal for that model.

Re: Mistral raises €3B

#143
post #121
post #113

Earlier quoted context omitted.

After living in the US for several years, I was happy to return to the EU where regulations exist to protect against the worst corporate behavior. My American bank sold my credit card transactions to advertisers. My American mobile operator had insane fees for roaming and other features that are basic in Europe. Sending a bank transfer in America was unreliable and slow and expensive because there was nothing like SE…

Sure but it's not the government calling for regulation, it's Mistral. At times they seem like a government mouthpiece to check the waters, which I could accept if their models were at least any good

Did you miss the Anthropic and OpenAI blog posts screeching for regulation?

Re: Mistral raises €3B

#144

Earlier quoted context omitted.

There's a big difference between governments regulating to benefit their own control and power, and regulating in favor of consumers. Most regulation in the EU have jack-all to do with consumers. There's a couple of niceties - having all prices displayed in comparable unites (EUR/kg, EUR/liter etc). But apart from that the regulation have broadly served as moats around the largest businesses.

There are many EU directives which benefit consumers directly in tech, including, but not limited to: Consumer rights - 14 day cooling off period for online purchases Sale of goods - 2 year seller liability for defective goods Right to repair - likely doesn’t need explanation, require manufacturers to offer repairs and replacement parts Unfair commercial practices - prevent misleading or deceptive advertising Unfair…

I wouldn't even call it a communication problem - I believe it's more a media problem, than anything. Good news are minimized and bad news are amplified to the maximum - nowadays even broadsheet newspapers operate with tabloid headlines, and that is really bad.

We somehow need to "want" a slower news cycle and simultaneously push back against the algorithmic outrage. The world is more predictable and safer than ever but the perception of the average person is not this, it's manufactured outrage at every possible opportunity and topic.

Despite the average european objectively being better off and safer than a decade ago, almost none feel that way and that is almost 100% due to the news algorithms being tuned to keep you in a constant dread cycle.

Re: Mistral raises €3B

#145
post #121
post #113

Earlier quoted context omitted.

After living in the US for several years, I was happy to return to the EU where regulations exist to protect against the worst corporate behavior. My American bank sold my credit card transactions to advertisers. My American mobile operator had insane fees for roaming and other features that are basic in Europe. Sending a bank transfer in America was unreliable and slow and expensive because there was nothing like SE…

Sure but it's not the government calling for regulation, it's Mistral. At times they seem like a government mouthpiece to check the waters, which I could accept if their models were at least any good

Didn't both Amodei and Altman called for regulation of open-weight models? Not that long ago on xitter....

Re: Mistral raises €3B

#146
post #122
post #59

Earlier quoted context omitted.

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.

No, Europe doesn't have the capital markets required to build the required data centers. Underwriting gigawatt data centers and frontier models demands a fully realized European Capital Markets Union, a single energy regulator with cross-border grid integration, and shared fiscal borrowing power.

Thank god.

Re: Mistral raises €3B

#148
Mistral has solid OCR, STT and TTS models and I would love to support them by switching with all of our business workloads to Mistral... but their LLM models are sadly not competitive at all. In our business benchmarks their Mistral Medium 3.5 with reasoning is worse than Gemma 4 31B and Glimmer 30B. It's a 128B dense model that's priced accordingly! Mistral Small 4 is way worse than Gemma 4 26B A4B. I applaude the effort that they release those models as open weight but Gemma 4 models are currently way easier to run with more tok/s and less hardware. Their API pricing is just insane for what you get. But I guess enterprise customers don't care about it, this is why they are probably not lowering it.

Re: Mistral raises €3B

#149
post #121
post #113

Earlier quoted context omitted.

After living in the US for several years, I was happy to return to the EU where regulations exist to protect against the worst corporate behavior. My American bank sold my credit card transactions to advertisers. My American mobile operator had insane fees for roaming and other features that are basic in Europe. Sending a bank transfer in America was unreliable and slow and expensive because there was nothing like SE…

Sure but it's not the government calling for regulation, it's Mistral. At times they seem like a government mouthpiece to check the waters, which I could accept if their models were at least any good

Meh, OpenAI and Anthropic are doing the same. The US shtick is "our models are too powerful, government, please hold them back (and buy 10% of the company)".

Edit: forgot, they also call for banning Chinese models and open weights models...

Re: Mistral raises €3B

#150
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?

When Apple is not racing for the frontier it's a strategy, but when it's Mistral it's a mistake. The two companies have read the market the same. It's always very dangerous for first movers and their investors, and the commodification of intelligence seems even more likely each time a chinese open model release. It's less exciting to do business that way, but if you're building to stand the test of time, it's wiser t…

> When Apple is not racing for the frontier it's a strategy, but when it's Mistral it's a mistake.

I think what Mistral is doing is smart within their financial constraints, but this comparison is misleading. Mistral is an LLM company; Apple is a consumer hardware and services company.

It's smart for Apple not to join the LLM arms race, because they can just pick the cheapest supplier and let other companies take the financial losses. Mistral is in a very different situation; they are the supplier.

Post reply on HN