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Microsoft, Samsung expand presence in Europe’s sovereign AI market with Mistral deals

Summary by Raconteur
It’s been a busy few weeks for Mistral. Barely had the dust settled on its “multibillion dollar” partnership with Microsoft, when similar news broke of Samsung preparing to invest around €1bn in the Paris-based AI lab. This would come as part of a round joined by EQT’s Scaleup Europe Fund, and would value Mistral at €20bn, representing a 66.6% increase over the €12bn valuation it secured in September. These two new deals, in combination with rou…

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Raconteur broke the news on Tuesday, July 28, 2026.
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