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Mistral raises €3B

mistral.ai

391–400 of 591 posts

Re: Mistral raises €3B

#391
post #350

Earlier quoted context omitted.

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

To be fair, Switzerland is really expensive.

The alps are shared between Switzerland, Italy and France. You can live in the French alps a lot cheaper than in Switzerland

Re: Mistral raises €3B

#392
post #343

Earlier quoted context omitted.

Instead of trying to get into Mistral, why don't you make your own Mistral? Not easy as it sounds yes, but it is better than throwing your CV into the ATS void 1000 times (the wrong way to apply for a job btw) Mistral have no moat as it seems except some 'regulatory' moat.

I am sure plenty of people had the same thought.

Not many can execute, but people are welcome to try if you can get customers.

Better than throwing CVs everywhere with no response for years.

Re: Mistral raises €3B

#393
EU is in a precarious situation with Mistral. If you look at their investor sheet, it's primarily American and other foreign investors with some token amount coming from within the EU. It seems like this is positioning as an acquisition play, most likely by a foreign AI tech firm.

We can look at Heart Aerospace for an example of a European future-tech company that warned the EU repeatedly about the regulatory and capital market being uncompetitive, and then within 2 years just relocated entirely to the US.

My suspicion is that Mistral does not have enough money and enough access to GPU compute to be competitive long-term. And it will most likely end up as an acquisition.

Re: Mistral raises €3B

#394
post #223
post #206

It makes no sense to train frontier models from scratch anymore. The best frontier models are only a half year ahead of Chinese open models. In this regard Anthropic and OpenAI are also in a bad spot when they waste so much compute on training models. An important factor is that fine tuning existing open models is incredible cheap. You can easily change any cultural biases if you want a model to be 'sovereign'. And M…

It only makes sense to train a frontier model if you are trying a different architecture to one that is available from an existing frontier model. This is because the different model architecture will learn the weights differently. It may make sense to train a frontier model on an existing architecture if the base model is not available and the instruction trained version doesn't fit with what you want. There are tec…

On a higher level it might make sense to build the expertise that comes with base training. I dont know enough about the process to estimate these gains, but china has been doing it in manufacturing for decades. All the money in the world is useless when no one knows how to do the thing

Re: Mistral raises €3B

#395
post #181

Earlier quoted context omitted.

> cooling off [...] seller liability [...] Right to repair Let's not forget I am paying directly for those when I buy a product. Those benefits are not free, they cost money. The money has to come from somewhere. It can't come from profits (since those are the sacred reason the company exists in the first place) thus they will come from higher prices. Higher product prices mean less competitive companies. It also mea…

This!!! I went to California earlier this year. In our apartment we had a freezer that was clearly made before politicians thought to decide to put a cap on how good a freezer could be. It was fucking amazing at freezing stuff. No freezer I've ever used could freeze this good. It was probably from the 80's - old/sturdy AF. I wouldn't mind paying for some extra solar panels to feed it.

I’m not sure that’s a function of regulation but more a function of most modern freezers defaulting to -18°, where an American or industrial freezer is -22 to -28°C.

Getting a better energy efficiency score is one reason (and consumers are motivated on running cost, not just environmental) but presumably these are cheaper to manufacture as well.

I have an American style, EU-compliant freezer than I can set to -26° which I bought for preparing sashimi safely. It rocks! Highly recommend them.

Re: Mistral raises €3B

#396
So what happens when Mistral creates a collection of powerful AIs for different clients that have fundamentally different ethical frameworks from each other? Then those AI interact? Do they politely agree to disagree? Or do they goal seek against each other?

Re: Mistral raises €3B

#397
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…

Usually the us position is unlimited pto and yes you have options if laid off

Re: Mistral raises €3B

#399

Earlier quoted context omitted.

One is american, the other is european It's the same with gaming When Microsoft is killing physical in 2023 to push for Gamepass and digital only, it's labeled as "progress and infrastructure planning", when it's Sony that does it, it's labeled as "greed and anti consumerism" Hopefully more people get attentive to how the industry & the media works, and how US Big Tech manages to kill any form of alternative

> When Microsoft is killing physical in 2023 to push for Gamepass and digital only, it's labeled as "progress and infrastructure planning", when it's Sony that does it, it's labeled as "greed and anti consumerism" Microsoft got massive pushback when they did it, Sony even made ad making fun of it. Selective memory much ?

Well Microsoft’s PR machine is working overtime then because I wasn’t even aware of Microsoft doing this until this HN thread whereas Sony was everywhere on social media

Re: Mistral raises €3B

#400
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…

Apple is not an AI company, Mistral is. it's not really a fair comparison
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