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Mistral AI drops new open-source model that outperforms GPT-4o Mini with fraction of parameters
France's Mistral AI launches efficient open-source model that outperforms Google and OpenAI offerings with just 24 billion parameters, challenging U.S. tech giants' dominance in artificial intelligence.
French artificial-intelligence startup Mistral AI unveiled a new open-source model today that the company says outperforms similar offerings from Google and OpenAI, setting the stage for increased competition in a market dominated by U.S. tech giants. Mensch has ruled out selling the company, stating at the World Economic Forum in Davos that Mistral is “not for sale” and that “of course, [an IPO is] the plan.” However, the path to sufficient revenue growth remains unclear in an industry where deep-pocketed competitors can afford to operate at a loss for extended periods. For a technology industry increasingly concerned about concentration of power among a handful of American tech giants, Mistral’s European-led, open-source alternative offers a vision of a more distributed, accessible AI future—provided it can build a sustainable business model to support its ambitious technical agenda.
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