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Mistral AI raises €3 Billion With Samsung Leading the Round
Mistral AI Raises €3 Billion With Samsung Leading the Round
TL;DRMistral AI raised €3 billion in funding with Samsung as a major backer.
Why it matters: Samsung's investment signals corporate backing for AI alternatives to OpenAI and strengthens European AI competition.
French artificial intelligence company Mistral AI is raising €3 billion ($3.49 billion) in a Series D funding round, with Samsung Electronics joining the round. Chief Executive Officer Arthur Mensch argues that the company is probably still undervalued and that macroeconomic…
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