French AI firm Mistral valued at 21 bn euros after latest funding

• Mistral announced Tuesday that it had raised three billion euros ($3.5 billion) in what it described as the largest-ever European tech fundraising, valuing the French AI firm at over 21 billion euros.
• The startup, which is considered Europe's leading AI model developer, said the funding round led by chip giant Samsung would accelerate its research and help it to expand internationally.
• The company's notional valuation has nearly doubled since a funding round exactly a year ago.