<ul data-eligibleForWebStory="false"><li>Mistral AI is seeking to raise up to $1 billion in equity financing and hundreds of millions of euros in debt for their AI cloud service called Mistral Compute in France.</li><li>The potential funding would deepen ties between France and the UAE in the AI field as Mistral AI is based in France and MGX in Abu Dhabi. Both companies have partnered with Nvidia for an AI project.</li><li>The CEO of Mistral AI, Arthur Mensch, mentioned that the company is transitioning to becoming a vertically integrated AI cloud provider, expanding their business model.</li><li>Mistral AI had reportedly tripled its revenue in about three months and is valued at $6 billion, although the actual revenue figures are not publicly disclosed.</li></ul>

Report: Mistral Aims to Raise Financing for AI Cloud Service

Discover more