Mistral Is Reportedly In Talks To Raise $1b 

French AI startup Mistral is successful talks to raise up to $1 cardinal successful equity from investors, including Abu Dhabi’s MGX fund, reports Bloomberg, citing group acquainted pinch nan matter.

Mistral is besides talking to French lenders for illustration Bpifrance SACA to raise hundreds of millions of euros successful debt, per Bloomberg. TechCrunch has reached retired to Mistral for comment. 

Mistral, makers of nan Le Chat chatbot, is 1 of nan astir important players successful nan European AI scenery pinch a attraction connected open-weight LLMs. The startup has raised $1.19 cardinal to day astatine a $6.51 cardinal post-money valuation, according to PitchBook. Its past fundraise was a Series B successful June 2024.

Mistral is already moving pinch MGX — a government-backed $100 cardinal AI money — and Nvidia to build Europe’s largest AI information halfway campus. The UAE has besides committed to spending €50 cardinal connected AI projects successful France, portion of French president Emmanuel Macron’s push for AI sovereignty.