PANews reported on June 12 that French artificial intelligence startup Mistral AI completed a 600 million euro (about 640 million U.S. dollars) Series B financing, led by General Catalyst. Other investors include Lightspeed Venture Partners, a16z, Nvidia, Samsung Ventures, Salesforce Ventures, Belfius, Bertelsmann Investments, BNP Paribas, Bpifrance, Cisco, Eurazeo, Headline, Hanwha Asset Management Venture Fund, IBM, Korelya Capital, Latitude, Millennium New Horizons, Sanabil Investments, ServiceNow and SV Angel. Mistral AI was founded by former DeepMind and Meta researchers and competes with OpenAI and Google to develop generative artificial intelligence infrastructure. In December last year, Mistral AI announced the completion of a 385 million euro (415 million U.S. dollars) financing, led by a16z and Lightspeed Ventures, bringing the company's valuation to $2 billion.