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[Mistral CEO Praises Deepseek's Open-source Models Amidst Expansion Efforts] Mistral's CEO Arthur Mensch Praised Chinese Startup Deepseek's Open-source AI Models, Viewing Them As A Boost For The Open-source Community. Mistral, A Paris-based AI Startup With $1 Billion In Funding, Is Expanding Into Agentic AI With A Revamped Le Chat App And Investing Billions In A French Data Center To Reduce Reliance On Big Tech. The Company Is Also Expanding Its Presence In The US And Southeast Asia While Clarifying That Immediate IPO Plans Are Not Underway.

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