French AI lab Mistral AI is reportedly in early talks to raise €3 billion, potentially doubling its valuation to €20 billion since its last funding round.

CNBC's Arjun Kharpal sat down with the chief of one of Europe's leading AI companies.

Mistral is in funding talks to raise about €3bn at a roughly €20bn valuation, Bloomberg reports, nearly doubling the European AI champion's September price.