Mistral's glow up: Europe's AI underdog cashes in on US chaos
While OpenAI models were busy hacking companies in sandbox tests and Trump was slapping export limits on American AI, France's Mistral quietly became the continent's favorite plan B. The lab, long dismissed as a distant third to OpenAI and Anthropic, is reportedly closing in on a funding round that would nearly double its valuation to $23 billion, riding a wave of European 'AI sovereignty' panic and a twenty-fold revenue jump fueled by deals with Microsoft, HSBC, and the French government.
Nothing boosts your startup like your rivals' robots going rogue.