TECH - French Startup Minstral AI Gains Traction In US Targets OpenAI's Market | Benzinga
Mistral AI, a Paris-based startup, launched in early 2023 aiming to compete with OpenAI in the European market by developing generative artificial intelligence tools, is setting its sights on the U.S. market.
Marjorie Janiewicz, the former chief revenue officer of Foursquare, was hired in May as Mistral’s first U.S. general manager.
She revealed in an interview that the startup is "gaining momentum" in the U.S. and plans to expand its team. Some of this traction is driven by businesses seeking alternatives to AI models from giants like OpenAI and Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, reported Bloomberg.
"They do not want to be forced into an AI stack," she said. “They want choices.”
Mistral, established by ex-AI researchers from Google DeepMind and Meta Platforms Inc (NASDAQ:META) is a leading AI initiative in Europe. ...