Mistral AI

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Mistral AI SAS (French: [mistʁal]) is a French artificial intelligence (AI) company headquartered in Paris. Founded in 2023, it develops large language models (LLMs). As of September 2026, the company has a valuation of US$24.7 billion, the highest among European AI companies. As of November 2026, its largest public model is Mistral Large 4, released on October 29th 2026, a mixture of experts model with 1 trillion parameters, of which 52 billion are active. In February 2024, Mistral released Le Chat, its chatbot, which was rebranded Mistral Vibe in 2026. Mistral is a primary beneficiary of a push by the European Union and its member governments towards digital sovereignty in response to the AI boom and AI arms race between the US and China. In September 2025, ASML, Europe's largest tech company by market capitalization and supplier of the semiconductor industry, invested €1.3 billion in Mistral, corresponding to an 11% shareholding.

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