Oh they are still a thing?! Completely forgot about Mistral. I am assuming they are still burning trough investor money.
I believe they'll get profitable sooner than their frontier competition. Their operating costs seem to peanuts compared to the providers they're compared to most often while having the local advantage of not being Chinese nor American.
What's better than Voxtral for locally processed voice input? More competition is always better.
Think they’re positioned pretty well. They’ve got an edge in the European corporate space and don’t have ungodly large numbers to hit
> they are still burning trough investor money
Difficult to say, this information is not really public. That said, those investors include EU agencies and European multinational companies and governments. It’s not as flashy as the ridiculous sums OpenAI is getting but it should be enough to keep them going for a while.
They also have a different business model. They are selling their expertise to fine tune and adapt their models to on-premises computers (which they can help you build) to handle confidential data and information. I would not be surprised that the revenue they get from normal people is negligible in comparison.