The discussions between the artificial intelligence start-up in France, Mistral, and an investor for €500 million extra funding have started. If successful, the valuation of Mistral will be at least €5 billion. This decision comes after the company had approval of €400 million or the valuation of the company of Europe might be questionable. Besides venture capital funds and sovereign wealth funds, other investors have shown a true interest in supporting the Mistral project and consider it as a competitor to the Americans OpenAI and Anthropic. Paris-based organization that was established on May 23rd and comprises Meta, and Google AI scientists also has attracted great attention for developments of AI generation.
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