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Fortune

Sharon Goldman

Mistral AI CEO shuts down IPO rumors—and doubles down on its 'open' strategy. Will it be enough?

Mistral Arthur Mensch Mistral AI IPO Anthropic OpenAI Donald Trump Emmanuel Macron Fortune Meta

Mistral AI CEO Arthur Mensch denied reports the Paris-based startup is planning an IPO but highlighted its growth and a renewed focus on open-source AI to compete with China’s DeepSeek in a Fortune interview at Nvidia’s GTC conference.

The IPO rumors began following an interview with Bloomberg at Davos in January, in which Mensch emphasized that Mistral was “not for sale” and that an IPO was “the plan.”

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