The company, which is reportedly seeking to raise around $600 million at a $6 billion valuation, is aiming to increase revenue amid growing competition in the generative AI space. Since launching its first generative model in September 2023, Mistral has released several more models and paid APIs, but has not disclosed its user count or revenue figures.
Key takeaways:
- French AI startup Mistral is introducing new AI model customization options, including paid plans, for developers and enterprises to fine-tune its generative models for specific use cases.
- Mistral has released a software development kit (SDK), Mistral-Finetune, for fine-tuning its models on various platforms, and also offers fine-tuning services through the company’s API.
- Mistral is also debuting custom training services to fine-tune any Mistral model for an organization’s apps using their data, currently only available to select customers.
- Mistral, which is seeking to raise around $600 million at a $6 billion valuation, is looking to grow revenue as it faces significant competition in the generative AI space.