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Business 2026-09-08· Reuters

French AI Company Mistral Reaches $24 Billion Valuation

French AI company Mistral has secured €3 billion in funding, boosting its valuation to approximately €21 billion ($24 billion), making it Europe's second-highest-valued private tech group. The funding will fuel model development and frontier research as Mistral aims to compete with larger US rivals in the AI space.

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