Arthur Mensch, CEO of Mistral, declared on French national radio that Mistral AI will release an open-source GPT-4 level model in 2024. Recently, Mistral released the 8X7B, based on the MoE architecture, which is comparable to other popular models such as GPT 3.5 and Llama 2 70B. Licensed under Apache 2.0, Mistral surpasses Llama 2 70B on most benchmarks with 6x faster inference. 

The Paris-based startup recently announced securing $415 million in funding with a valuation of $2 billion. Andreessen Horowitz (a16z) led the latest funding round, accompanied by a renewed investment from Lightspeed Venture Partners.

Open-Source LLM firms often find it difficult to sustain their business. To overcome this, Mistral AI recently introduced ‘La Plateforme’ where it will provide API endpoints for its available models. 

The company has created three categories for its models- Mistral Tiny, Mistral Small and Mistral Medium. Mistral 7B Instruct v0.2 and  Mixtral 8x7B, comes under Mistral Tiny and Mistral Small respectively.  Interestingly, the Medium model is yet to be released. 

Mistral AI has stated that it is currently developing Mistral Medium, positioned among the top-serviced models based on standard benchmarks. Proficient in English, French, Italian, German, Spanish, and code, it achieves a score of 8.6 on MT-Bench. On paper, it even beats GPT 3.5. 

Meanwhile, there are rumours that OpenAI might release GPT-4.5 before the end of December.