They went from we're going to create a European competitor to OpenAI to we have a 7bn parameter model?
From their pitch deck (https://sifted.eu/articles/pitch-deck-mistral)
"By creating mistral.ai, we intend to train state-of-the-art models with counter-positions to closed-model current offerings. Our vision is to become a leading actor in the field, while developing a very valuable business around integrating these models in the European industry and beyond."