French startup Mistral launches AI chat Bots for businesses

Jin10 Data reported on May 7th that on Wednesday, Mistral AI launched its enterprise chatbot Le Chat. The CEO Mensch stated that the revenue of this French startup has doubled in the past 100 days, especially due to demand from outside the United States. Based in Paris, Mistral AI was founded two years ago and launched an Open Source version of the Le Chat assistant in February of this year. The enterprise version can now connect to content management systems such as Microsoft’s SharePoint and Google Drive. Mistral is valued at $6 billion, and the company has not publicly disclosed its revenue, but according to an industry media report, the company’s revenue last year was $30 million. Mensch mentioned that Mistral AI is operating its own computing capabilities, reducing reliance on cloud service providers, allowing the company to offer services to customers that do not depend on American companies.