Mistral Seeks $3.5 Billion to Build European AI Infrastructure

Mistral AI is in talks to raise about 3 billion euros (about $3.5 billion) at a valuation of about 20 billion euros (about $23.1 billion), a figure that could go higher depending on investor demand, Bloomberg reported Friday (June 12), citing unnamed sources. The French AI startup’s discussions with investors are at an early stage, and the terms could change, according to the report. Mistral did not immediately reply to PYMNTS’ request for comment.