Mistral, a Wannabe OpenAI of Europe, Seeks $300 Million

Mistral, an artificial intelligence startup founded by former Meta Platforms and Alphabet researchers, plans to raise an additional $300 million from investors just four months after raising $113 million in a seed round led by Lightspeed Venture Partners, according to two people familiar with the discussions.

The round is expected to value the Paris-based startup, which is developing an open-source large language model and has framed itself as the “OpenAI of Europe,” at over $1 billion before the investment, according …

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