French artificial intelligence startup Mistral AI is on the brink of securing a deal to raise capital at a valuation of $6 billion.
This marks a substantial increase from six months ago and positioning itself to compete with Silicon Valley giants in the artificial intelligence sector.
The funding round is anticipated to involve existing supporters such as General Catalyst and Lightspeed Venture Partners. It also underscores investor enthusiasm for startups navigating the competitive landscape of AI technology.
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Mistral’s endeavor to develop AI tools for various applications, ranging from writing to coding, is emblematic of the ...