Mistral is rumored to be raising €3B at €20B valuation (opens original article in a new tab)

Mistral AI is reportedly seeking €3 billion in funding at a €20 billion valuation, positioning itself as a European alternative to American tech companies.

• Mistral AI is in early discussions to raise €3 billion at a €20 billion valuation
• The company offers open and closed AI models and has partnered with European governments and companies
• Mistral has raised $4 billion to date, far less than U.S. rivals like OpenAI and Anthropic