Samsung in talks to invest in Mistral at $23 billion valuation

South Korea’s Samsung is in talks to invest hundreds of millions of euros in the AI start-up Mistral, as part of a fundraising round that could value the group at roughly €20 billion ($22.81 billion), Financial Times reported on Wednesday, citing sources.

Samsung could invest about €1 ‌billion in ⁠the ⁠new round, the report said, adding that Swedish investor EQT’s Scaleup Europe Fund is in talks to back the fundraising round.