Mistral AI, the French artificial intelligence lab co-founded by Arthur Mensch, is planning an initial public offering, as announced during the World Economic Forum in Davos. Mensch emphasized that Mistral is not for sale and revealed plans to open an office in Singapore to enhance its presence in the Asia-Pacific region. The startup, which emerged in 2023 with former Google DeepMind and Meta researchers, has raised approximately $1.14 billion, achieving a valuation of around $6 billion. Mistral aims to compete directly with U.S. AI leaders like OpenAI through its innovative AI models and services.