This week, Mistral announced it raised €3 billion in a Series D funding round , pushing its post-money valuation past €21 billion. With the influx of cash — $3.5 billion in US dollars — it plans to expand its frontier research, scale compute capacity for model training, and grow its infrastructure. Where Mistral’s allocating new funds suggests what the French AI company is betting on for the future of AI power: open-weight models can only do so much if the compute and infrastructure underneath remain concentrated among a few key players. Open weights can only go so far So far, model...

Source: The New Stack