AI Startups: Mistral Plans IPO; Harvey Eyes $3 Billion Valuation | PYMNTS.com

AI Startups: Mistral Plans IPO; Harvey Eyes  Billion Valuation | PYMNTS.com

Mistral AI, France’s open-source answer to OpenAI, plans to go public instead of being acquired.

“We are not for sale,” CEO and co-founder Arthur Mensch told Bloomberg TV Tuesday (Jan. 21).

There had been speculation that the startup would be acquired by Microsoft, in part due to a partnership and the tech giant’s investment of 15 million euros ($15.6 million) in Mistral. (Microsoft has invested nearly $14 billion in OpenAI.)

As for fundraising efforts, Mensch said in the…

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