> Mistral AI [...] has raised 385 million euros, or about $415 million in October 2023 [...] In December 2023, it attained a valuation of more than $2 billion.

> Mistral AI [...] has raised 385 million euros, or about $415 million in October 2023 [...] In December 2023, it attained a valuation of more than $2 billion. This sounds like the same deal as Stability - burning VC money to subsidise open source models for marketing. You don't get a $2 billion valuation by giving your main assets away for free indefinitely, the rug will be pulled at some point when they need to realise returns for their investors.