Mistral AI is in talks to raise €3 billion at a €20 billion valuation. The Paris startup wants to build its own data centres and reach 1GW of computing capacity by 2030.

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.

Mistral AI plans to raise €3 billion at a €20 billion valuation, nearly doubling its September 2025 Series C price as Europe doubles down on AI sovereignty.