AI Summary

Paris‑based AI company Mistral has closed a €3 billion Series D round, valuing the firm at over €21 billion. The funding marks the largest equity raise ever completed by a European technology company. Mistral positions itself as a sovereign alternative to U.S. AI leaders such as OpenAI and Anthropic, emphasizing its European roots and compliance with local data regulations. The company highlighted that the first wave of generative AI focused on building the most powerful model, implying its new capital will help it compete on that front.

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