Mistral AI, founded by ex-DeepMind and Meta researchers, has garnered €1.7 billion in funding, achieving a valuation of €11.7 billion ($14 billion) by 2025. With record investments, including €600 million in 2024 and a €105 million seed round in 2023, Mistral focuses on open-source AI models while also offering proprietary options like the Medium 3 model. Its chat assistant, Le Chat, rapidly gained 1 million downloads in two weeks, securing partnerships with firms such as ASML and Microsoft, bolstering its position against giants like OpenAI.