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Founded less than two years ago, French generative artificial intelligence (AI) startup Mistral AI has swiftly staked out a place as the great European hope contending with US giants dominating the sector.Named for a legendary chill wind that sweeps France’s Mediterranean coast, Mistral raked in a 600-million-euro ($620 million) funding round last summer that was the largest of any French tech firm in 2024, according to consultancy KPMG.
The new investments brought the company’s valuation to almost 6 billion euros.
Mistral was set up in April 2023 by…
