French AI Champion Mistral Isn’t for Sale, CEO Mensch Says

(Bloomberg) — European artificial intelligence champion Mistral AI is “not for sale” and instead is working toward an initial public offering, according to Chief Executive Officer Arthur Mensch.

“Of course that’s the plan,” Mensch said on Bloomberg TV Tuesday when asked about a potential IPO for the French AI startup. Mensch, speaking in an interview at the World Economic Forum in Davos, said Mistral is opening a Singapore office to focus on the Asia-Pacific region and is growing in Europe and the US.