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Microsoft-backed Mistral AI raises $645 million at a $6 billion valuation

Microsoft-backed Mistral AI raises $645 million at a $6 billion valuation
Mistral AI is just more than a year old but has raised huge sums of money and is vying to take on the likes of OpenAI and become Europe's AI champion.

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French tech startup Mistral AI has secured a massive funding round of 600 million euros, or $645 million, as the artificial intelligence race continues to attract significant investment. The company, which is just over a year old, is now valued at 5.8 billion euros, or about $6.2 billion, and is aiming to challenge OpenAI to become Europe's AI champion. Mistral AI is focused on developing large language models, which are essential for applications such as chatbots. The startup's CEO, Arthur Mensch, has gained attention in the European tech scene, and the company has also received investment from major players like Microsoft. With this new funding, Mistral AI aims to accelerate its global expansion and make frontier AI accessible to everyone.

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