News of the day
1. Mistral AI aims for €1 billion revenue by end of 2026, driven by model licensing, enterprise chat, and public subscriptions. The company is also exploring acquisitions. → Read more
2. Anthropic's report analyzes AI usage, showing concentration on specific tasks like coding. Collaboration often beats automation for complex tasks, and prompt quality is key to success. → Read more
3. OpenAI's API business has seen remarkable growth, adding over $1 billion in annual recurring revenue in just the last month, signaling strong demand for AI solutions. → Read more
4. Anthropic is repeatedly updating its hiring tests because their AI model, Claude, is outperforming human candidates, highlighting AI's growing capabilities. → Read more
Our take
Hi Dotikers!
One billion euros in revenue by the end of 2026. That's the target Arthur Mensch just announced at Davos. In September, Mistral reported 300 million euros in annual recurring revenue. Tripling that in a year is ambitious, but the startup has the means to back it up.
With 1.7 billion raised in September (including ASML joining as a shareholder) and one billion earmarked for capital expenditure this year, Mistral is shifting into acquisition mode. Mensch confirms they're looking at "a few opportunities" without revealing any targets.
The business model has also matured: model licensing for enterprises, Chat Enterprise for B2B, and consumer subscriptions. Three revenue streams that avoid putting all eggs in one basket.
But what makes this announcement interesting is the context. At Davos, European digital sovereignty is on everyone's lips. Tensions with Trump, dependence on American Big Tech, Greenland... In this climate, having a European AI champion valued at 11.7 billion becomes a geopolitical argument as much as an economic one.
Another notable take from Mensch: according to him, China's lag in AI is a "decoy". Chinese open source capabilities are already worrying American CEOs. A perspective that cuts against the dominant narrative.
Alex.
Meme of the day
