Mistral AI

.Mistral AI unveiled a new suite of models, including a large‑scale, open‑weight multilingual multimodal model (Mistral 3) aimed at agentic tasks and positioned against GPT‑4‑Turbo and Gemini‑1.5, and a lightweight edge model (Ministral 3) that runs on a single GPU for robotics, drones and on‑device translation. Backed by a €1.7 billion funding round—led by ASML, Nvidia, Microsoft and Andreessen Horowitz—the French startup, now valued at €11.7 billion, has secured enterprise deals with HSBC and other sectors, pursuing a dual strategy of high‑performance research and efficient edge AI.

Mistral AI, a European AI leader, secured €1.7 billion in Series C funding, led by ASML, valuing the company at €11.7 billion. ASML’s €1.3 billion investment grants them an 11% stake. This more than doubles Mistral’s previous valuation, highlighting strong investor interest in AI. The funding and partnership provide Mistral with resources to scale operations and enhance infrastructure, crucial given the link between AI software and hardware and ongoing chip shortages. It also emphasizes the growing importance of hardware-software collaboration in the AI industry.