Live data from Hacker News

Mistral raises €3B

mistral.ai

351–360 of 616 posts

Re: Mistral raises €3B

#351

Earlier quoted context omitted.

There's more to life than money past a certain point, I'd rather live in the Alps on a lower salary.

You dont even live in the Alps with 90K lmao. And if you expect top performance, you should expect top salary. Or at least something competitive. 90K for a company like Mistral is a bit embarrassing.

> You dont even live in the Alps with 90K lmao.

this comment is insane...

Re: Mistral raises €3B

#352
post #212
post #191

Earlier quoted context omitted.

My feeling is that its a difference in how funding works in different places. The USA will go all in with the populations pensions on a gamble, the Chinese subsidize. This way of operating is typical for the EU. > Being one year behind is a skill issue E.g. if you are an AI researcher in Europe you can just go to USA and make generational wealth. This is not a criticism of the EU model, but rather insane American cap…

> > I think the most of the money would go to purchase hardware, > So it's not a skill issue? I meant by offering sovereign cloud/inference, not for training. But even if it was for training, Chinese labs have limited supply of GPUs, look what they've done. So it is a skill issue. Also to clarify, I didn't mean European engineers' skills, I meant "you get what you pay for" as a company, that's why I hope they start o…

Understood! Thats reasonable

Re: Mistral raises €3B

#353

Earlier quoted context omitted.

> Last I saw job offers for mistral (engineering, Paris) it advertised 90k euros base salary. Not sure how they’re intending to compete with the US when even a top AI lab can’t afford to be competitive :-/ Does the US position come with 5 weeks paid vacation? When the US position gets hit with layoffs, do you still have comprehensive healthcare and unemployment coverage? Yes, EU software Eng salaries are a lot lower…

> Does the US position come with 5 weeks paid vacation? When the US position gets hit with layoffs, do you still have comprehensive healthcare and unemployment coverage? Work a US job for 4 months, quit, take the next 8 months for holiday/vacation, and you still save more money than a European SWE. Hey, the 2010s are calling, they want the trope “BuT eUrOpE hAs pAiD lEaVe” back. Europe in 2026 (France, Germany, UK, E…

Ah yeah, let me know about your healthcare too, specially after you quit that job. And unemployment. And public services. And scientific entities. And general cost of living. Good you have the military to spend a trillion a year in contractors.

Re: Mistral raises €3B

#354
post #81

Last I saw job offers for mistral (engineering, Paris) it advertised 90k euros base salary. Not sure how they’re intending to compete with the US when even a top AI lab can’t afford to be competitive :-/

> Last I saw job offers for mistral (engineering, Paris) it advertised 90k euros base salary. Not sure how they’re intending to compete with the US when even a top AI lab can’t afford to be competitive :-/ Does the US position come with 5 weeks paid vacation? When the US position gets hit with layoffs, do you still have comprehensive healthcare and unemployment coverage? Yes, EU software Eng salaries are a lot lower…

Come on. We're talking about a salary that is ONE THIRD of what you'd get at AI labs in US (plus the stock and the bonus). And significantly less taxes. Are you sure that 5 weeks of vacation, what you call "comprehensive" healthcare (spoiler alert: it's not), and unemployment coverage are worth 180K/year reduction in salary (pre-taxes)?

To not talk about the toxic environment that European companies generate in general. Ie: "you should be grateful you have this job".

Re: Mistral raises €3B

#355
post #166

Earlier quoted context omitted.

Realistically they will have to deploy the Chinese models or their finetuned versions though since their models are completely out of date and not competitive. Outside of maybe government contracts it will be hard to compete against Azure/AWS who promise to run their models in EU datacenters and not store any data since actual companies normally prefer frontier models with decent performance (cost/performance is pret…

There are two separate issues here. One of which is very simple. That issue is where to run the models. For many companies this has to be in the EU, on EU terms. Mostly, this is not really optional from a compliance point of view. It's why all the big cloud providers have data centers in places like Frankfurt, Amsterdam, etc. and why a lot of new data centers are being built in Ireland. Of course a lot of those inves…

"something that will work reliably and predictably for years" is not really the class of product being sold, unless you're using a fine-tuned SLM to do something like classification. The vast majority of work being done with AI unfortunately benefits from being run on the biggest/best model.

Re: Mistral raises €3B

#356
post #75

Earlier quoted context omitted.

Chinese models are open, available to distill, and they also publish papers about their research. Being one year behind is a skill issue. I think the most of the money would go to purchase hardware, But I hope they can start making adequate compensation for AI engineers and researchers to move forward.

> Chinese models are open, available to distill Handing in a photo-copy of a photo-copy of a photo-copy of a photo-copy of a photo-copy of a photo-copy of someone else's homework might work once or twice, but it is no way to run a (non grift) business.

Its not a grift if it works. If a Chinese corp copies at 90% quality at 50% price within a year it means your American business model was never a good one for competing in international markets. The real grift arguably is pretending that it was.

Re: Mistral raises €3B

#357
post #351

Earlier quoted context omitted.

You dont even live in the Alps with 90K lmao. And if you expect top performance, you should expect top salary. Or at least something competitive. 90K for a company like Mistral is a bit embarrassing.

> You dont even live in the Alps with 90K lmao. this comment is insane...

To be fair, Switzerland is really expensive.

Re: Mistral raises €3B

#358

Mistral's annual revenue (700M) is what Anthropic generates in 3 days. It will be extremely difficult to build new models with these numbers.

The question is not, will mistral be able to create the best models (seems bloody unlikely). The question is, will mistral have enough expertise to dominate its business use-case, which is the model infra/deployment market within the EU (which is more plausible, with even a 3rd, 4th, 5th best model development team).

Re: Mistral raises €3B

#359
post #34

Earlier quoted context omitted.

can you elaborate what are their fundamental flaws that are not fixable by funds?

Chinese models are trained on dubiously collected model traces from Claude/OpenAI that are purchased from model routers. All the major Chinese models use this data. That's one reason they've been able to catch up with Anthropic/OpenAI so quickly, they have so much data. Mistral can't train on that data, because this data would be illegal to purchase & train on in the EU.

It's dubiously collected data the whole way down. This is the AI industry.

Re: Mistral raises €3B

#360
post #276
post #244

Earlier quoted context omitted.

In Germany AFAIK their Senior base salary ceiling is ~ 180k EUR - approx 210k USD for an Engineering role. Thats quite competitive for a base salary, as high as max ICT5 Staff base at Apple Munich.

And 180k in Germany, even in Berlin is pretty good. You are living a very good life with that salary.

That's like top 1% salary for Germany. Maybe 3% if you count family units, or 0.5% for individual taxpayers. I'd say that's pretty good.
Post reply on HN