By Supantha Mukherjee
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 ( MSFT ) 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.