Mistral AI CEO denies IPO plans, reaffirms open-source focus against deep-pocketed competition

Arthur Mensch, founder of Mistral AI, at Station F during the AI Action Summit in Paris, France, on Tuesday, Feb. 11, 2025. France’s president Emmanuel Macron said foreign and domestic companies will invest a total of 109 billion in artificial intelligence projects in France, marking a push to position the country as a competitive hub for AI development. Photographer: Nathan Laine/Bloomberg via Getty Images