The CEO of Mistral AI has predicted that more than 50% of enterprises’ current software could be replaced by AI.
Speaking from the AI Impact Summit in New Delhi, India, Arthur Mensch stated that AI is cheaper and faster than traditional software, “I would say more than half of what’s currently being bought by IT in terms of SaaS is going to shift to AI.”
“AI is making us able to develop software at the speed of light.”
“In a couple of days, we can create fully custom applications to run a workflow, to run a procurement workflow, or to run supply chain workflows, for instance, in a way where I would say five years ago, you would actually need a vertical SaaS.”
Mensch stated that businesses are “replatforming” by updating and shifting their IT systems to AI. “They see AI as a way to replatform the thing so that it becomes more efficient and less costly.”
Mistral AI also announced its first acquisition this week, acquiring Koyeb, a Paris-based startup that streamlines AI app deployment at scale and handles the underlying infrastructure. “Koyeb’s product and expertise will accelerate our development on the Compute front, and contribute to building a true AI cloud.”
Mistral AI is a pioneering French artificial intelligence startup founded in April 2023 by Arthur Mensch, Guillaume Lample, and Timothée Lacroix.
By CEO NA Editorial Staff
