Meet France's First AI Billionaires: How a Homegrown Startup Soared to a €11.7 Billion Valuation
Bloomberg.com1 day ago
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Meet France's First AI Billionaires: How a Homegrown Startup Soared to a €11.7 Billion Valuation

AI Startup Success
ai
startup
billionaires
funding
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Summary:

  • Mistral AI founders are France's first AI billionaires with a net worth of $1.1 billion each

  • The startup achieved a €11.7 billion valuation in a recent funding round

  • Founded in 2023 in Paris, each founder holds at least an 8% stake in the company

The Rise of Mistral AI's Founders

The three founders of Mistral AI have become France's first artificial intelligence billionaires following a funding round that valued the tech firm at €11.7 billion ($13.7 billion).

Who Are the Billionaires?

  • Arthur Mensch, the 33-year-old chief executive officer
  • Timothee Lacroix, 34 years old
  • Guillaume Lample, 34 years old

Each holds a net worth of $1.1 billion, according to the Bloomberg Billionaires Index. This wealth is derived from their stakes of at least 8% in Mistral AI, which they established in Paris in 2023.

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