July 8, 2025:
Mistral AI Seeks $1B Boost for Cloud Expansion - Mistral AI, a French AI leader, is in talks with Dubai-based MGX for a $1 billion equity round, which will include significant debt funding for a new AI cloud service, Mistral Compute, in France. This effort strengthens Mistral's partnership with MGX and Nvidia, concentrating on Europe's largest data center. The expansion is set to make Mistral a vertically integrated AI cloud provider.
Recent developments feature new AI models and increased revenue, with Mistral's last valuation reaching $6 billion following a $640 million funding round in 2024.
