Mistral raises €3B as sovereign AI becomes big business
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The funding round would value the company at around €20 billion (about $23.15 billion), nearly double its Series C valuation of €11.7 billion.
Mistral AI, which offers some open source AI models, has raised significant funding since its creation in 2023, with the ambition to “put frontier AI in the hands of everyone.”
Mistral aims to start operating the data center by the second quarter of 2026.
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