Mistral AI, a French AI startup competing with OpenAI, is close to reaching a $2 billion valuation with a new funding round of about €450 million ($487 million), including major investments from Nvidia and Salesforce. This round is led by Andreessen Horowitz, with over €325 million in equity and an additional €120 million in convertible debt from Nvidia and Salesforce. Mistral, known for its efficient, open-source AI software for chatbots, was founded by ex-DeepMind and Meta Platforms scientists and previously raised $113 million. The funding deal also involves partial stake sales by company insiders, including adviser Cedric O.

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https://www.bloomberg.com/news/articles/2023-12-04/openai-rival-mistral-nears-2-billion-valuation-with-nvidia-funding