Mistral AI nears €20B valuation in new funding round

Mistral AI is in talks to raise €3 billion at a €20 billion valuation, nearly doubling its September 2025 valuation of €11.7 billion. The Paris-based AI lab plans to use the funds to build data centres and reach 1 gigawatt of computing capacity by 2030, competing with Amazon, Microsoft, and Google in physical infrastructure.