Capgemini announces a partnership with the hottest French start-up: Mistral AI. The nugget of generative AI and ESN “will accelerate the deployment at scale of more accessible, more versatile and more efficient generative AI”, they assure. In fact, Capgemini will push the major language models developed by the start-up to its clients around the world.
Simplifying business access to generative AI
In the eyes ofAimman Ezzat, CEO of CapgeminiMistral AI “a game changer for businesses looking to transform through a broad range of AI models.” The ESN indicates that it “strives to facilitate access to generative AI for companies that want to adapt multiple use cases to their needs and deploy them for a large number of users, with a smaller carbon footprint.”
In particular, regulated and sensitive sectors with specific needs are targeted, such as financial services, aeronautics and defense, telecommunications and the public sector. One of the advantages of the models developed by Mistral is that they are open and can be modified and executed as a company wishes, without harm to its data.
Tough competition, including on open models
This is the second strategic merger made by the start-up in the space of two months. In mid-December 2023, Mistral AI announced the signing of a partnership with Google for the development of its models. It has also made Mistral-7B available to companies on Vertex AI and must market its Mistral-8x7B model on the Google Cloud marketplace.
For the young company, this partnership means a lot. If it has been able to attract investors until now, the fact remains that user companies are not yet flocking to the gate. A Odoxa survey revealed at the beginning of January that the start-up “suffers from a lack of notoriety” against OpenAI (with ChatGPT) or Google (with Gemini). Mistral AI must also face competition from Meta, whose models are also open and which aims to establish itself as the undisputed leader in the sector.
A valuation of two billion euros
Let us also remember that the start-up, last December, formalized a funding round of 385 million euros, led by the prestigious American venture capital fund Andreessen Horowitz. Nvidia, Salesforce, BNP Paribas and CMA CGM also participated in the operation, part of which was carried out in the form of convertible bonds. Six months after its launch, Mistral AI saw its valuation rise to two billion euros, which is a magic trick in this period.
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