Mistral AI seeks $1 billion in funding

Mistral AI is in talks with investors including Abu Dhabi's MGX to raise $1 billion in equity funding. MGX is a UAE-backed investment firm with approximately $100 billion in assets that has invested in several AI developers, including Anthropic, OpenAI, and xAI. In May, MGX formed a joint venture with French sovereign wealth fund Bpifrance, Mistral, and Nvidia to build a 1.4 GW data center near Paris.