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Iwona Majkowska

Mistral AI’s Meteoric Rise: Inside the $14B Open-Source Gambit Challenging OpenAI

Mistral AI’s Meteoric Rise: Inside the $14B Open-Source Gambit Challenging OpenAI

Mistral AI, founded in 2023 by former DeepMind and Meta researchers, reached a €11.7 billion valuation after raising €1.7 billion in September 2025 led by ASML. The Paris-based startup built its reputation by open-sourcing large language models, while keeping its most advanced models proprietary. Its chat assistant “Le Chat” surpassed 1 million downloads in two weeks. Mistral has signed enterprise deals with firms including NTT.
14 September 2025

Stock Market Today

  • Planet Labs Shares Surge 25% on Record Q4 Revenue and Strong AI-Driven Guidance
    March 20, 2026, 6:18 PM EDT. Planet Labs (PL) shares surged 25.56% to close at $33.85 after reporting record fiscal Q4 revenue and issuing upbeat multi-year sales guidance. The satellite imagery provider highlighted a 41% revenue rise and breakeven adjusted earnings per share, surpassing Wall Street estimates. Management forecasted 39% sales growth by 2027, supported by a 79% increase in backlog during fiscal 2026. Strategic partnerships with Nvidia and Alphabet's Google are expected to drive growth, leveraging AI-powered data processing with a "100x speedup" using in-orbit GPUs. Trading volume spiked 318% above average to 52.6 million shares. Meanwhile, the broader market declined with the S&P 500 down 1.50% and Nasdaq Composite falling 1.98%, reflecting pressure on growth stocks.
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