Paris-based Mistral AI put its Large 4 model into public preview on October 6. The company describes a multimodal model with 1 trillion parameters, 49 billion of them active at a time, trained on 3,800 Nvidia Grace Blackwell GPUs in Mistral's own European…
Finance angle The finance angle is price and ownership of the hardware. $1.36 and $4.18 per million tokens is the rate European companies and public bodies can now compare with US model providers, and open weights let them run the model on their own servers instead of paying per token. The training used 3,800 Nvidia GPUs that…
French AI developer Mistral AI raised €3 billion in a Series D round at a post-money valuation of €21 billion, according to the law firm that advised it. Samsung Electronics led the round, with the Scaleup Europe Fund managed by EQT and existing investor PSG…
Finance angle The €3 billion round values Europe's best-funded AI model developer at €21 billion and brings in Samsung Electronics, a memory-chip maker, as lead investor. Much of the cash is earmarked for compute, which means spending on AI chips and data-centre capacity. For European customers and governments seeking a non-US…
Stories are summarised in our own words from the linked reports; every one credits its publisher. Facts and exposure, never a tip: XDQ Labs is not registered with SEBI, the US SEC, FINRA or any European regulator. US and European share prices are not shown.