Mistral AI nears $2B valuation — less than 12 months after founding

European contributions might have been a little late to join the generative AI investment party, but that does not mean they will not end up rivalling some of the earlier North American frontrunners. According to people familiar with the matter, Mistral AI, the French genAI seed-funding sensation, is just about to conclude the raising of about €450mn from investors.  Unlike Germany’s Aleph Alpha who just raised a similar sum, most investors come from beyond the confines of the continent. The …

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