The French artificial intelligence (AI) firm, Mistral, is set to raise up to $1 billion through equity funding, attracting interest from investors such as Abu Dhabi's MGX Fund. Furthermore, Mistral is engaged in discussions with French lenders for debt financing amounting to hundreds of millions of euros. As the creator of the renowned chatbot Le Chat, Mistral excels in open-source large language models and has secured $1.19 billion in funding to date, valuing the company at $6.51 billion. Collaborating with MGX and NVIDIA, Mistral is striving to establish Europe's largest AI data center campus, aligning with France's AI sovereignty initiative.