French AI startup Mistral has reached a record $24 billion valuation following a successful funding round led by Samsung and other major global investors.
The company raised €3 billion to accelerate its strategy shift toward sovereign, open-weight AI models, aiming to keep pace with US-based competitors in the global tech race.
This massive capital injection underscores the growing importance of European AI development, as Mistral positions itself as a key player in the next generation of large language models.