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

The Making of an Open-Source AI Juggernaut Founded in Paris in spring 2023, Mistral AI burst onto the scene with bold ambition: to challenge the likes of OpenAI and Google by doing things differently. Its three co-founders – Arthur Mensch (CEO, ex-DeepMind), Timothée Lacroix (CTO, ex-Meta AI) and Guillaume Lample (Chief Science Officer, ex-Meta) – left Big Tech research jobs to build foundation models on their own terms techcrunch.com techcrunch.com. The company’s very name (a “mistral” is a strong wind in Southern France) hints at its mission to blow fresh air into AI development techcrunch.com. Mensch and team saw that “proprietary [AI] was becoming
14 September 2025

Stock Market Today

MRVL stock jumps as Marvell filing clears 24.2 million Celestial AI shares for resale

MRVL stock jumps as Marvell filing clears 24.2 million Celestial AI shares for resale

7 February 2026
Marvell Technology shares jumped 8.2% to $80.28 Friday, with 22.6 million shares traded, after filing to register over 24 million shares for resale linked to its Celestial AI acquisition. Marvell will not receive proceeds from the resale. The company completed the $1 billion deal this week, adding about 27 million diluted shares outstanding. Chip stocks rebounded as investors bet on strong AI-driven demand.
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