Mistral targets $10bn valuation in new fundraising push
French AI start-up seeks additional firepower to compete with deep-pocketed US and Chinese rivals
French AI start-up seeks additional firepower to compete with deep-pocketed US and Chinese rivals

French start-up is riding a growing wave of demand from European businesses for alternatives to US tech

Start-up has embarked on expansion of its own infrastructure and secured significant contracts

French company’s debut debt financing follows rising demand for alternatives to US groups

Release of French start-up’s latest system comes amid growing concern that Europe is falling behind US and China

ASML deal connects two impressive tech companies but the capital available is a fraction of that in the US

Dutch chip equipment maker backs French artificial intelligence champion as US-China tensions rock tech industry