French AI startup Mistral AI is near $600m funding at $6bn valuation, nearly tripling its $2bn valuation.
French AI startup Mistral AI is reportedly close to securing $600m in funding at a $6bn valuation, almost tripling its previous $2bn valuation. With strong revenue momentum and a focus on cost-effective AI solutions, Mistral aims to rival industry giants and foster an open-source generative AI ecosystem. The company, founded by ex-Google and Meta researchers, has already raised $500m and partners with Microsoft on its Azure AI platform.
May 09, 2024
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