Mistral AI: The European Challenger's Sales Surge Past $100 Million

The French startup Mistral AI has been making waves in the tech world, and not the gentle kind you’d find on the French Riviera. No, this is more like a tsunami crashing into the shores of the AI industry. According to the Financial Times, Mistral AI has likely surpassed $100 million in annual sales, a jaw-dropping milestone for a company founded just two years ago in April 2023. With contracts reportedly worth several hundred million dollars and revenue tripling since early 2025.

But how did this Paris-based startup manage to disrupt the global AI landscape so quickly? And what does this mean for American AI giants like OpenAI and Anthropic?