Deals
SoftBank Explores Investment in French AI Startup Mistral, Sources Say
- Japanese firm interested in backing Mistral’s next round
- Mistral has emerged as Europe’s hottest generative AI startup
The Mistral AI website.
Photographer: Gabby Jones/BloombergThis article is for subscribers only.
SoftBank Group Corp. is exploring a potential investment in Mistral AI, the French company emerging as Europe’s hottest artificial intelligence startup, people with knowledge of the matter said.
The Japanese tech giant has expressed interest in backing Mistral the next time it raises funds, the people said. Any deal could potentially value Mistral at more than $2 billion, though the two parties haven’t discussed precise terms, according to the people.