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Mistral AI seeks additional 3 billion euros in funding at 20 billion euros valuation

French AI company Mistral AI is holding early talks to raise about 3 billion euros in new funding, Bloomberg News reported on Thursday. The round could value Mistral at about 20 billion euros, nearly double its 11.7 billion euros valuation in its Series C round in September last year. Mistral provides some foundation models with open weights and also offers closed models tailored to specific uses.