A valuation is what investors agree a private company is worth. Samsung has led a funding round that puts Mistral's at $24 billion, positioning the AI company as Europe's most prominent competitor in the global push to build advanced artificial intelligence.
Mistral's core strategy is open-weight AI models. Open-weight, in plain terms, means the model's learned parameters are made publicly available. Parameters are the numerical values a model develops during training. They are what give the model its capabilities. When those values are released openly, developers can download the model and build on top of it directly. No exclusive access required.
That is how Mistral intends to compete against OpenAI and Anthropic. Samsung's decision to lead the funding round is what placed the $24 billion valuation on the company.