AI to replace half of Mistral AI’s software? Here’s what CEO Arthur Mensch said as tech stocks face headwinds

Arthur Mensch, Chief Executive Officer of Mistral AI, on Wednesday said that more than half of the company’s current software is likely to be replaced by artificial intelligence (AI), CNBC reported.

Addressing investor concerns over software stocks, Mensch said, “AI is making us able to develop software at the speed of light.”