Mistral AI Launches Corporate Chatbot, Triples Revenue in 100 Days

French startup Mistral launches chatbot for companies, triples revenue in 100 days

STOCKHOLM, May 7 (Reuters) - Mistral AI on Wednesday launched its Le Chat chatbot for corporate use, and its CEO said the French startup has tripled its revenue in the last 100 days, with demand coming particularly from outside the United States. Paris-based Mistral AI, founded two years ago, launched the open source version of its Le Chat assistant in February. The enterprise version now connects with content management systems such as Microsoft's SharePoint and Google Drive. "In the last 100 days we have tripled our business, in particular in Europe and outside of the U.S.," CEO Arthur Mensch told journalists. "We've been... growing in the U.S. quite fast as well," Mensch said. Mistral, which is valued at $6 billion, does not publicly disclose its revenue, but was reported, opens new tab by one trade publication to have revenue of $30 million last year. Last month, U.S. President Donald Trump completed 100 days in office in his second term, which has been marked by a strained relationship with Europe due to his trade policies and controversial diplomatic actions. Mistral is operating its own compute capabilities and reducing its dependency on cloud providers, allowing the company to offer customers a service that does not depend on the U.S. companies, Mensch said. A company can also deploy Le Chat on its own cloud infrastructure without needing Mistral to manage its data. Reporting by Supantha Mukherjee in Stockholm; Editing by Jan Harvey Our Standards: The Thomson Reuters Trust Principles., opens new tab Suggested Topics:Technology Supantha Mukherjee Thomson Reuters Supantha leads the European Technology and Telecoms coverage, with a special focus on emerging technologies such as AI and 5G. He has been a journalist for about 18 years. He joined Reuters in 2006 and has covered a variety of beats ranging from financial sector to technology. He is based in Stockholm, Sweden.

French startup Mistral launches chatbot for companies, triples revenue in 100 days

Paris-based Mistral AI, founded two years ago, launched the open source version of its Le Chat assistant in February. The enterprise version now connects with content management systems such as Microsoft's SharePoint and Google Drive.Mistral AI on Wednesday launched its Le Chat chatbot for corporate use, and its CEO said the French startup has tripled its revenue in the last 100 days, with demand coming particularly from outside the United States. Paris-based Mistral AI, founded two years ago, launched the open source version of its Le Chat assistant in February. The enterprise version now connects with content management systems such as Microsoft's SharePoint and Google Drive. "In the last 100 days we have tripled our business, in particular in Europe and outside of the U.S.," CEO Arthur Mensch told journalists. "We've been... growing in the U.S. quite fast as well," Mensch said. Mistral, which is valued at $6 billion, does not publicly disclose its revenue, but was reported by one trade publication to have revenue of $30 million last year. Last month, U.S. President Donald Trump completed 100 days in office in his second term, which has been marked by a strained relationship with Europe due to his trade policies and controversial diplomatic actions. Mistral is operating its own compute capabilities and reducing its dependency on cloud providers, allowing the company to offer customers a service that does not depend on the U.S. companies, Mensch said. A company can also deploy Le Chat on its own cloud infrastructure without needing Mistral to manage its data.

Mistral Debuts Corporate Chatbot Amid Three-Fold Rise in Revenue | PYMNTS.com

"In the last 100 days, we have tripled our business, in particular in Europe and outside of the U.S.," Mensch said, per the report. "We've been... growing in the U.S. quite fast as well." The company launched its Le Chat chatbot for corporate users Wednesday, which followed the introduction of an open-source version of its Le Chat assistant in February, the report said. AI large language models like the ones from OpenAI are "rapidly evolving from friendly chatbots that could write a great prospect email or blog post into helpful AI shopping assistants capable of turning a 150-word search prompt into a purchase," PYMNTS CEO Karen Webster wrote this week. This is all without users needing to visit a store or click a buy button, representing a transformation that could fundamentally alter the retail world. As Open AI, Perplexity and other companies scramble to tap into this trillion-dollar opportunity, the future of how consumers search and buy hinges on two critical questions, Webster wrote. First, how these platforms will make money, and second, how their algorithms will determine which products to show consumers (or purchase on their behalf). "The answers will determine whether these chatbots deliver on their promise of personalized commerce in their truest and most authentic sense -- or become a more sophisticated version of today's pay-to-play search and commerce platforms," Webster wrote.