Mistral wanted to beat Anthropic. Now it’s becoming Palantir
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Mistral, the French AI startup, is shifting away from building frontier models and focusing instead on enterprise deployment and customization services. The company's revenue grew 37% year-over-year in 2024, with enterprise and infrastructure revenue reaching 80%, compared to 30% from consumer-facing products. This pivot mirrors the strategy of Palantir, moving from cutting-edge model development toward becoming a software and services company for business customers.
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