First French AI billionaires emerge after €11.7 billion Mistral funding round

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The three founders of Mistral AI emerged as France’s first artificial intelligence billionaires after a funding round valued the tech firm at €11.7 billion ($13.7 billion).

Arthur Mensch, the 33-year-old chief executive officer, Timothee Lacroix, 34, and Guillaume Lample, 34, each have a net worth of $1.1 billion, according to the Bloomberg Billionaires Index. That wealth stems from each of them holding at least an 8% stake in Mistral, which they set up in Paris in 2023.

A spokesperson for the company didn’t respond to requests for…



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First French AI billionaires emerge after €11.7 billion Mistral funding round



The three founders of Mistral AI emerged as France’s first artificial intelligence billionaires after a funding round valued the tech firm at €11.7 billion ($13.7 billion).

Arthur Mensch, the 33-year-old chief executive officer, Timothee Lacroix, 34, and Guillaume Lample, 34, each have a net worth of $1.1 billion, according to the Bloomberg Billionaires Index. That wealth stems from each of them holding at least an 8% stake in Mistral, which they set up in Paris in 2023.

A spokesperson for the company didn’t respond to requests for…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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