2024 integrated report

“Arthur Mensch, Guillaume Lample and Timothée Lacroix, three artificial intelligence (AI) engineers who had previously worked with Google and Meta, created Mistral AI at the end of April 2023. Their goal was clear: to democratise AI. Some say AI represents a new technological order or even an industrial revolution. Whatever we call it, we all agree that AI is already changing our lives, both personally and professionally, and will have a significant impact on our daily activities. In this context, Mistral AI wants to put AI in the hands of as many users as possible, so that they can make it a useful and universal tool. Accessibility is a fundamental value at the heart of our company’s DNA. It is our trademark and the engine of our development. It is in this spirit that Arthur Mensch, our Chairman, likes to refer to popular AI.

Accessibility is therefore central to all our decisions and actions, starting with our solutions. They share three main features. Portability first of all, enabling every user to access our models anywhere, on any type of device, including a desktop computer. Then, customisation, because our models allow each company to optimise its own processes, integrate AI into its products and services and accelerate the marketing of its innovations. Lastly, efficiency, by combining the best of both technological and human worlds. In terms of technology, our cutting-edge models compete with the best market standards. They are able to manage data in a more sovereign way, with better governance and more confidentiality than those of our competitors, and more responsibly, by adapting the size of our models to optimise energy consumption. On the human side, our agile teams work with each customer, from the identification of their needs through to transition to the production phase, so as to develop use cases that deliver tangible value.

Our approach to distribution also reflects this demand for accessibility: we cultivate a collaborative ecosystem in which transparency and innovation go hand in hand. We provide a full range of open- source⁽¹⁾ models, so that the community can use them freely and without restriction. The launch of our ‘Le Chat‘ conversational assistant, which boast unparalleled speed and meets the personal and professional needs of as many people as possible, takes the democratisation of AI even further. Crossing the one-million-user mark barely ten days after its launch, it has already found its audience.

Thanks to our capacity to customise, we know how to deploy our cutting-edge models in a controlled manner within companies’ infrastructures, which allows us to meet the specific needs of regulated institutions, such as those in finance. We have been working with BNP Paribas almost since our inception, with the first use cases developed for Global Markets in September 2023. Our collaboration was then extended to the entire Group, leading to the signing of a multi-year partnership agreement in July 2024. BNP Paribas now has access to all of Mistral AI’s current and future AI solutions, in all its business lines. They are deployed in about 100 use cases in the Group, including a high- performance virtual assistant to answer questions from the Bank’s customers 24 hours a day, seven days a week.

2025 promises to be another exciting year. In a few months, we will see the opening of our first ultra-modern data centre, in Essonne, near Paris. This project, representing an investment of several billion euros, will enable us to train our models and so speed up our R&D roadmap. This is a major step forward in terms of independence for us, and in terms of the performance of our models for the benefit of all users. Accessibility, today as always.”

INTERVIEW CONDUCTED ON 19 MARCH 2025.