The BPI’s Opaque Dual Investment in Mistral AI
Last June, the Banque Publique d’Investissement announced that it had taken part in Mistral AI’s first round of funding, and now tells us that it has gone back into the pot for the second round. The amount of this double investment remains confidential, which is all the more worrying given that former French Secretary of State for Digital Affairs Cédric O helped finance the start-up and, according to Bloomberg, is one of its shareholders.
Last June, the Banque Publique d’Investissement announced that it had recently made « its first major investment in generative AI by participating in Mistral AI’s €100 million fundraising round, one of the largest in Europe ». We have repeatedly asked the BPI about the precise amount of its investment in Mistral AI. As we shall see, we…
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