France’s Mistral in funding talks at about €20 billion valuation (opens original article in a new tab)

French AI startup Mistral AI is seeking €3 billion in funding at a €20 billion valuation to strengthen its position against US and Chinese AI competitors, having previously raised €11.7 billion in September. The company focuses on providing AI infrastructure for European governments and industries, having signed deals with major firms like Airbus and BMW.

• French AI startup Mistral AI is in talks to raise €3 billion at a €20 billion valuation
• Mistral aims to compete with US and Chinese AI companies by providing infrastructure for European governments and industries
• Mistral's valuation increased from €11.7 billion in September to €20 billion in recent talks
• Mistral has signed deals with European industrial firms like Airbus and BMW but faces competition from OpenAI and Anthropic