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Mistral AI raises €1.7B to accelerate technological progress with AI★ 76

Mistral AI announced a €1.7B Series C funding round at an €11.7B post-money valuation. The round is led by semiconductor equipment maker ASML Holding NV, with participation from existing investors including NVIDIA and Andreessen Horowitz. Mistral says the funding will support frontier AI research, custom decentralized AI solutions, and work on complex engineering and industrial challenges.