French AI challenger Mistral AI raises €600M

The round was led by General Catalyst as well as existing investors Lightspeed, Andreessen Horowitz, Bpifrance and BNP Paribas.

Microsoft, which previously backed Mistral but now has a partnership with OpenAI, did not participate. Mistral’s raise is now the largest all-purpose AI capital injection that Europe has seen; Mistral’s €1B…