What is Mistral AI: Open Source Models
In a big step to disrupt the AI field, the French startup Mistral AI has introduced the GenAI business assistant. It’s ready to take the dominance of industry giants like Meta and OpenAI. This blog explores the potential implications of this exciting development in artificial intelligence.
Mistral AI’s Astonishing $113 Million Valuation: What’s the Buzz?
Mistral AI, a Paris-based AI start-up, grabbed a lot of eyeballs when it raised a huge $113 Million at a valuation of a massive $260 Million. The company was only three months old and had less than 20 employees. So, it seemed like a valuation game at that time.
Fast forward a couple of months, Mistral AI has launched its own open-source large language model Mistral 7B. It is better across all parameters than the Llama 2 13B model, which is twice as big as Mistral 7B. Mistral AI is also better than Llama-1 34B on many benchmarks.
Mistral 7B vs. the Giants: How This AI Open Source Outperforms
This lightweight AI model is competing with existing heavy-weight AI models. And it isn’t backing out!
The performance of Mistral AI so far, at a fraction of the cost and resources, has proved that it is worthy of its huge valuation. Here are some of the major reasons for Mistral AI’s success:
- Training methods used by Mistral AI to train its first-gen AI model are more efficient.
- Mistral AI’s training methods are at least two times less expensive to implement than the existing methods.
- The open-source nature provides greater flexibility.
- The open-source model is easy to fine-tune, which is the cherry on the top.
Mistral AI has made these models open to all. So, does that mean this French start-up will be coming up with bigger, better, and more complex models? Well, yes!
Up until now, AI enthusiasts around the world have been dependent on Meta to come up with good-quality AI business assistants and foundation models. So, Mistral AI’s GenAI Model is a good thing that happened to them.
Paving the Way for New AI Players
The AI assistant sector has been an oligopoly, with a majority of its players being from the US. But what’s been keeping other players at bay till now? The reason is the high barrier to entry. It requires hard-to-make technology and a tremendous amount of investment to compete with these potential AI employee giants.
With millions of dollars in funding and the rarest of the rare team, Mistral’s entry can cause disruption in this field. In fact, Mistral is looking to develop an AI assistant for business superior to GPT-4 as soon as 2024, just like LLaVA.
What sets Mistral apart in the AI field? The founding team of Mistral consists of leaders in the field of AI assistants for business. With experienced researchers, formerly from Meta and DeepMind, Mistral’s fast-paced success is no fluke, and their future plans to rival Meta and OpenAI seem well-thought-out.
The flexibility and open-source license of Mistral AI’s new AI business assistant model provide an even ground for everyone to enter the AI space. However, since this model can be used without restrictions, its ethical use could be a matter of concern.
Mistral is riding the AI wave smoothly, and this French start-up is ready to give tough competition to proprietary AI solutions for business provided by Meta and OpenAI, all within a couple of years since its inception.
Now that there is another big player in the scene, you can expect to see other kinds of models as well, not just language models. Such high-quality open-source models show a shift in the AI industry. It signifies that new business AI models like Mistral AI are here to directly compete with US AI giants like Meta and OpenAI.
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