French AI Startup Mistral Reaches €21bn Valuation in Record European Funding

Mistral, a French AI startup, raised €3 billion in new funding, making it Europe's largest tech fundraising round and valuing the company at over €21 billion. The company positions itself as an alternative to US AI giants by offering models that companies can deploy on their own infrastructure. This funding round highlights European ambitions to build competitive AI capabilities independent of American tech dominance.