French AI startup Mistral reports an annualized revenue run rate of over $400 million. Europe's growing desire for digital sovereignty is driving the business.

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

French AI startup Mistral said it will invest 1.2 billion euros ($1.43 billion) into digital infrastructure projects in Sweden.

French AI startup Mistral reports an annualized revenue run rate of over $400 million. Europe's growing desire for digital sovereignty is driving the business.