Mistral, a French AI firm, has unveiled its reasoning model Magistral, excelling in mathematics and coding while optimizing for European languages. With the intent of competing with OpenAI and DeepSeek, it marks a notable milestone in AI durability.
The company plans a significant $1 billion fundraising round in 2025, focusing on infrastructure and global expansion. CEO Arthur Mensch mentioned aspirations for an IPO in the near future, reflecting Mistral’s growth from research-focused to commercially viable.
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