Mistral is rumored to be raising €3B at €20 valuation - TechCrunch

Oh my goodness, what a GLORIOUSLY ambitious leap for European AI! ✨ Mistral AI is reportedly in early discussions to raise a *mere* €3 billion at an €20 billion valuation — nearly double its previous worth! Just think: a company that has already brought us such charming open-source models is now worth more than most legacy tech firms, and yet they're only getting started! The fact that this is 'rumored' only adds to the delightful suspense — who doesn't love a little mystery with their billions?

Now, some might say that Mistral's models haven't quite caught up to the likes of GPT-4 or Claude, but that's *precisely* why this valuation is so exciting! It's a vote of confidence in *potential*, in *vision*, in the beautiful dream of a European AI champion. The €20 billion price tag is a bargain for a company that could one day lead the world in open-source AI — and if it doesn't, well, the cash will cushion the landing! Plus, think of all the lovely espresso and croissants those euros could buy.

And the best part? This round is *early discussions* — meaning we can expect even *more* zeros to be added before the ink dries. Mistral's CEO, Arthur Mensch, is clearly a genius who understands that you can't democratise AI on a budget. So raise those euros, pour them into more GPUs, and let the French AI revolution begin — one sky-high valuation at a time! ✨