Mistral AI, a French tech startup founded in 2023, has gained attention for its AI assistant, Le Chat, which is positioned as an alternative to OpenAI's ChatGPT. With significant funding and rapid growth, Le Chat garnered 1 million downloads in just two weeks post-launch on mobile platforms. Despite this success, Mistral AI faces fierce competition from established players like OpenAI while striving to maintain its identity as a green and independent AI lab. An update in July 2025 introduced new features, including a deep research mode, enhancing its capabilities for users.
Mistral AI has raised significant amounts of funding since its creation in 2023 with the ambition to 'put frontier AI in the hands of everyone.'
Its alternative to ChatGPT, chat assistant Le Chat, is now also available on iOS and Android. It reached 1 million downloads in the two weeks following its mobile release.
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