News Summary

French AI startup Mistral AI is on the verge of finalizing a €2 billion investment, which will bring its valuation to $14 billion, according to reports. Founded by former DeepMind and Meta researchers, Mistral specializes in developing open-source language models and AI chatbots tailored for European audiences. This major funding round marks the first significant raise for Mistral since June 2024, when it was valued at €5.8 billion. The company has previously attracted over €1 billion from investors such as Andreessen Horowitz and General Catalyst. This investment is part of a broader trend of growing investment in European AI startups, which saw a 55% increase in the first quarter of 2025, with 12 European startups reaching unicorn status in the first half of the year.