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Mistral AI acquires Emmi AI

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Re: Mistral AI acquires Emmi AI

#71

Post by menaerus »

vrganj wrote: post #24
retinaros wrote: post #19

Earlier quoted context omitted.

Taxation, admin hell, government involvement led by highly uncompetent unelected people that got to make decision on the sovereignty and future of Companies. The only chance for mistral is to escape the grasp of france and its low iq visionless political “elites” or else theyll endup like dailymotion. Building a company in france and europe is hell even mistral ceo said this a few days ago in front of french official…

As somebody who's built a company in Europe, I don't know what you're talking about. I suspect you don't, either.

Everything that the parent comment said I tend to agree, and I lived in Europe for a long time. One thing he left out, and which is also very important, is a high level of corruption. Your success is defined by a function who you know and not what you can actually do - EU funds being a prime example but even without them every day work is the same.

Re: Mistral AI acquires Emmi AI

#72

Post by throwaway260124 »

tugdual wrote: post #69
reenorap wrote: post #30

Is Mistral still competitive? I completely forgot they existed because of how much press the Big 3 get (Google, Anthropic and OpenAI).

They’re not competing in the same domain - if you look at their business model it actually is much closer to ML consulting for companies (CMA CGM, ASML, Airbus…). The big three are trying to capture B2C mainly while Mistral is full focused B2B

What’s in Europe ( or maybe not to generalize in France/Germany) that creates this bias for consulting?

Re: Mistral AI acquires Emmi AI

#73

Post by keybored »

aborsy wrote: post #11

It’s interesting that a French company can compete at international level to some extent, given the regulations, labor laws and generally the business unfriendly environment. I suspect they capitalize on the preference of European governments to use EU products, but might be wrong.

It’s predictable that a board full of 100K USD+[1] salary programmers and capitalists are negative against labor laws.

[1] Outdated by now (higher)?

Re: Mistral AI acquires Emmi AI

#74

Post by guerby »

holoduke wrote: post #61
maelito wrote: post #14

Earlier quoted context omitted.

This comment is ridiculous. France's economy is bigger than 90 % of "unregulated" countries. European regulations help protect from USA's tech monopolies. French labor laws and social security and state-funded scientific schools helped build one of the most competent international AI scientist generation. All of europe got crushed by the US on the domain of internet. "Regulated" or not.

You would be surprised that many regulations are lobbied by American companies to secure their dominance. From gambling to advertising. European regulations are not to help citizens. But to help big institutions.

That's exactly what the CEO of Mistral Arthur Mensch says in this audition before french legislators:

https://www.youtube.com/watch?v=I20fcnkzj5A

Re: Mistral AI acquires Emmi AI

#75

Post by sho_hn »

yieldcrv wrote: post #55
stingraycharles wrote: post #50

Earlier quoted context omitted.

A friend of mine works for ASML and it’s suggested they were nudged quite heavily “from above” to make this investment, rather than it being an actual strategic play by ASML. Basically “sovereign EU AI” is the play here.

a cursory understanding of the subcontinent's abysmal venture capital ecosystem and bloc wide risk aversion would have anyone reach the same conclusion

Right, because the US and Chinese governments don't do/encourage any strategic investments into critical technologies.

Somehow people are only upset when Europeans dare to do the same.

Re: Mistral AI acquires Emmi AI

#76

Post by snowpid »

sravanipuuta wrote: post #49
kergonath wrote: post #20

Earlier quoted context omitted.

ASML is the flashy, public-facing partner. Mistral is also working with the French government and defense industry for applications that are unlikely to be publicly announced, but are bound to bring in much more money.

The European-sovereignty angle is what makes Mistral's strategy harder to read from the outside. If a meaningful share of revenue comes from EU government and defense contracts, the public benchmarks against OpenAI/Anthropic stop being the right scoreboard — they're optimizing for different procurement rules and a different definition of "trustworthy." Curious if anyone has visibility into how those contracts are str…

I'd like to add that we have publicly the procurement from the US government for the US models. And I also guess the Chinese government uses their model providers as well. So I wouldnt see so strange anymore.

Re: Mistral AI acquires Emmi AI

#77

Post by snowpid »

throwaway260124 wrote: post #72
tugdual wrote: post #69

Earlier quoted context omitted.

They’re not competing in the same domain - if you look at their business model it actually is much closer to ML consulting for companies (CMA CGM, ASML, Airbus…). The big three are trying to capture B2C mainly while Mistral is full focused B2B

What’s in Europe ( or maybe not to generalize in France/Germany) that creates this bias for consulting?

It brings more money. Europe in general has much more industry (hence China shock might be bigger) so Industrial AI makes more sense. And also the amount of Consumers needing industrial consulting is not high.

Re: Mistral AI acquires Emmi AI

#78

Post by ben_w »

throwaway260124 wrote: post #72
tugdual wrote: post #69

Earlier quoted context omitted.

They’re not competing in the same domain - if you look at their business model it actually is much closer to ML consulting for companies (CMA CGM, ASML, Airbus…). The big three are trying to capture B2C mainly while Mistral is full focused B2B

What’s in Europe ( or maybe not to generalize in France/Germany) that creates this bias for consulting?

I don't know about France, but here in Germany I think there's more room for B2B than B2C because of the desire for stability, itself leading to bureaucracy in everyday life that sets expectations for a much slower everything (like, buying a house took 7 months, many contracts have 3 month notice periods).

But that's just my best guess, and I'm saying this as one who migrated here rather than growing up here. I've also actually noticed the literal anarchists here, whereas the ones in the UK I only knew once they told me, before anyone makes a planet-of-hats kind of mistake on this.

Re: Mistral AI acquires Emmi AI

#79

Post by Oreb »

linkregister wrote: post #46
olivermuty wrote: post #17

Earlier quoted context omitted.

Do you really believe this? Lol Could you please elaborate what labour law drives the labour out of france?

Haha yeah. I'm being a bit silly but I do. The impacts of French labor law have been studied. The European Union is a natural laboratory for the impacts of labor policy. There is a strong correlation between looser requirements for terminating employees and startup formation and risk-taking in business. The Nordics and the Baltics have produced more successful technology firms than countries where dismissing employee…

I don’t know much about the Baltics, but in the Nordic countries, dismissing employees is no easier than in France.

Re: Mistral AI acquires Emmi AI

#80

Post by kriro »

If I'm only thinking about non-programming business applications, anecdotally, Mistral is certainly a player in the European enterprise market. For most German companies I have interacted with, Mistral was the first point of contact regarding corporate AI rollout. For the "small potatoes" day to day minutia Copilot is probably the #1.
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