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Mistral raises €3B

mistral.ai

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Re: Mistral raises €3B

#581

Post by vanuatu »

surgical_fire wrote: post #537
vanuatu wrote: post #527

Earlier quoted context omitted.

serving models is very profitable (70%+) but the issue is you need to invest in training the next iteration. but so far all of anthropics models have been profitable fully loaded the vast majority of the labs revenue is from enterprise api usage (theres public sources from the information and ramp). but the risk there is customer concentration, where most of the revenue comes from other tech companies and a chunk of…

> serving models is very profitable (70%+) All your argument hangs on this. I see no evidence of this being true.

https://www.seangoedecke.com/ai-inference-is-obviously-profi...

https://www.mindstudio.ai/blog/anthropic-inference-margins-7...

its even higher depending on the model, how optimized it is, and the chips!

I wouldnt die on this hill

Re: Mistral raises €3B

#582

Post by flaburgan »

alansaber wrote: post #38
v3ss0n wrote: 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.

There is nothing exciting about mistral but they're the only european ai lab i've even heard off (jeppa doesn't count)

There is Apertus from Switzerland, a real "lab" project, not a company one.

Re: Mistral raises €3B

#583

Post by waterTanuki »

rafaelmn wrote: post #520
moffkalast wrote: post #310

Earlier quoted context omitted.

Oh one hand sure, on the other, moving fast and breaking things is exactly where the customer ends up footing the bill or suffering damages.

How exactly ? We heard this since Uber days and all it did was break the old taxi systems and brought taxi service to a wider audience. As a consumer I benefited immensely from Uber. Likewise for AirBnB and hotels. Not saying that these don't have secondary effects on the society - but as a consumer they were and arguably still are pretty amazing.

Hi, fellow American here.

Me and quite a few others are getting real tired of the constant name-dropping of mega-corporations that do not care about your safety, health, or well-being. This does not resonate with anyone except a small circle of wealthy tech elitists.

If they can make a profit from those things, great, but they will also not hesitate to make a profit from your suffering as well. Ask the lung doctors of the people living next to xAI's data centers if their patients are better off than before.

Re: Mistral raises €3B

#584

Post by halJordan »

ywvcbk wrote: post #166
davedx wrote: 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?

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…

Have you checked their api page recently? They're big model is .... glm 5.3 (or one or whatever dot releases)

Re: Mistral raises €3B

#585

Post by 0x457 »

dismalaf wrote: post #561
foolfoolz wrote: post #558

Earlier quoted context omitted.

pto/vacation, healthcare, and unemployment differences between US and EU mean nothing to high skilled tech workers in the US 1. all good tech jobs in the US have unlimited pto 2. all good tech jobs in the US have good healthcare plans that will continue after being let go until you get a new job 3. you will be able to claim unemployment, but a good tech company in the US will also give you a severance

1. Does unlimited actually mean unlimited? If I want to take 2 months off every year will there be absolutely zero repercussions? The others are valid though.

Well, I take about 2 month off every year. Not all at once, but a week here, week there. No issues.

I also worked in company where this guy was on PTO 6 months a year, but he kept working during his PTO, just on his own schedule. However, at the same company, I recall one coworker had to cancel his flight and company booked him another flight because "we need you to finish this pls". His manager basically beg him to stay one day.

However, in another company, I had issues taking a few days off because "your teammate been here for 2 years didn't a single day off" (I gave them my notice the same day)

So to answer your question from my experience: coin toss and you won't know it until you signed with them. I'd rather take 5 weeks for sure and no calls/emails/texts after the work day.

I'd say the Paris job provides noticeably greater day-to-day life vs Los Angeles with the same before tax salary.

Re: Mistral raises €3B

#586

Post by gboss »

lores wrote: post #578
alberto467 wrote: post #576

Earlier quoted context omitted.

There are a bunch of Europeans working in the top labs abroad. We do not lack any know how, we only lack the raw amount of capital invested in doing private research, since our companies cannot thrive and compete globally due to regulations. Mistral would be much bigger if it was founded in the US.

Or it would be gone. Or it would be in the hands of psychopaths. Europe trades off the extremes for a better middle. It doesn't produce quite as many big names, but US and EU economies are roughly the same size.

Europe does have 150-200 million more people right?

Re: Mistral raises €3B

#587

Post by Danox »

mandeepj wrote: post #547
leoc wrote: post #424

Earlier quoted context omitted.

Apple is probably also waiting for increased RAM supply to start making high-quality local inference a viable mainstream option.

> Apple is probably also waiting they could seriously do something about it instead of waiting.

Whatever they do will take 2 to 4 years and I think they will do something to permanently solve their memory problem and I think it will be no different than solving their processor problem (Intel) or their long-term modem problem (Qualcomm).

Let Google spend $185 billion, and Microsoft spend $140 billion thru the end of this year on AI model building and AI hardware.

Re: Mistral raises €3B

#588

Post by illiac786 »

lores wrote: post #578
alberto467 wrote: post #576

Earlier quoted context omitted.

There are a bunch of Europeans working in the top labs abroad. We do not lack any know how, we only lack the raw amount of capital invested in doing private research, since our companies cannot thrive and compete globally due to regulations. Mistral would be much bigger if it was founded in the US.

Or it would be gone. Or it would be in the hands of psychopaths. Europe trades off the extremes for a better middle. It doesn't produce quite as many big names, but US and EU economies are roughly the same size.

Ah, interesting I always thought USA’s GDP far ahead, but it’s not. Compared to EU it’s 20 vs. 30 trillions/y. Adding Switzerland, UK, etc. and it’s close.

Re: Mistral raises €3B

#589

Post by aurareturn »

surgical_fire wrote: post #537
vanuatu wrote: post #527

Earlier quoted context omitted.

serving models is very profitable (70%+) but the issue is you need to invest in training the next iteration. but so far all of anthropics models have been profitable fully loaded the vast majority of the labs revenue is from enterprise api usage (theres public sources from the information and ramp). but the risk there is customer concentration, where most of the revenue comes from other tech companies and a chunk of…

> serving models is very profitable (70%+) All your argument hangs on this. I see no evidence of this being true.

How much work did you go into looking for evidence?

Re: Mistral raises €3B

#590

Post by wiseowise »

TheJCDenton wrote: post #135
davedx wrote: 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.

Ah, yes, it is really baffling that Mistral, a new European AI startup, is held to a different standard compared to a unique, 50 year old, software + hardware, 4.5 TRILLION dollar market cap company. A truly mystery of our times.

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