Mistral AI Raises €3 Billion in Samsung-Led Funding Round

Mistral AI Raises €3 Billion With Samsung Leading the Round

French artificial intelligence company Mistral AI is raising €3 billion ($3.49 billion) in a Series D funding round, with Samsung Electronics joining the round. Chief Executive Officer Arthur Mensch argues that the company is probably still undervalued and that macroeconomic reasons are starting to show that open source models will win. He speaks with Bloomberg’s Tom Mackenzie. (Source: Bloomberg)

French A.I. Start-Up Mistral Raises $3.5 Billion as Part of Strategy Shift

Mistral is trying to keep pace with American and Chinese rivals while offering customers a European alternative for artificial intelligence.

By Adam Satariano

Mistral raises record €3bn as Europe strains to keep pace in AI race

New funding round led by Samsung comes as French AI model maker continues to challenge US and Chinese rivals

Mistral bags $24 billion valuation as Samsung leads funding for Europe's AI champion

Mistral is betting on open-weight AI models to help it compete with players like OpenAI and Anthropic.

French AI company Mistral hits $24 billion valuation in funding round