Last week, Mistral used the AI Action Summit to demonstrate that it’s getting serious about business. While the company has already raised large amounts of money from international investors, many of its foreign backers are based in the U.S. — investors such as Lightspeed Venture Partners, Andreessen Horowitz and Salesforce Ventures.
Due to the shifting geopolitical landscape, Mistral could potentially welcome Middle Eastern investors in its upcoming funding round. It would be a way to raise more money to remain relevant in the AI race on a technical level, while positioning itself as the international alternative to U.S. and Chinese AI companies. Mistral’s newest model, Saba, could therefore contribute to that potential fundraising effort.