Arthur Mensch has a message for anyone still impressed by chatbots: that era is ending. The Mistral AI CEO sat down with CNBC to outline his company’s aggressive push into agentic AI, a category of software where AI systems don’t just answer questions but actually complete multi-step tasks on their own.

The centerpiece of that push is Vibe, Mistral’s new enterprise agent platform designed to handle workflows like document drafting and code assistance.

Vibe and the pivot to agents

Vibe runs on Mistral Medium 3.5, a model with 128 billion parameters. The platform integrates what Mistral calls “long-horizon task management” and supports coding environments like CLI and IDE.

This puts Mistral in direct competition with similar agentic offerings from OpenAI and Anthropic. Where OpenAI leads with consumer brand recognition and Anthropic leans into safety-first messaging, Mistral is staking its claim as the enterprise-native option.

Approximately 95% of Mistral’s revenue comes from business customers.

The money and the machines

Mistral has raised over $3.1 billion in total funding to date. That includes a recent $830 million debt round earmarked for building out a data center near Paris. The company maintains significant partnerships with Microsoft Azure and AWS for cloud provisioning, alongside a GPU supply relationship with Nvidia. Mistral also counts ASML among its partners.

Mensch co-founded Mistral in Paris in 2023 alongside Guillaume Lample and Timothée Lacroix, and has consistently positioned the company as a European alternative to Silicon Valley’s AI oligopoly.