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Mistral AI Nears €12B Valuation in Europe’s Bid for AI Dominance
Mistral AI Nears €12B Valuation in Europe’s Bid for AI Dominance
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BTCCSquare news:
French startup Mistral AI is poised to become Europe's flagship artificial intelligence contender, with a €2 billion funding round set to elevate its valuation to €12 billion. The Paris-based firm, founded in 2023 by ex-Meta and Google DeepMind researchers, has developed open-source language models and the Le Chat conversational assistant while partnering with Nvidia on cloud infrastructure.
Despite raising over €1 billion from investors including Andreessen Horowitz and Bpifrance, Europe's AI sector continues to trail U.S. dominance—capturing just 12% of global venture funding this year. Mistral's meteoric rise from $260 million seed valuation to near-unicorn status underscores the region's urgent push for technological sovereignty.
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