Mistral AI eyes $1 bn UAE boost to rival OpenAI, backed by Macron
French AI firm Mistral is in talks to raise $1 billion from UAE fund MGX and secure debt from French lenders, according to Bloomberg. Backed by Macron's AI sovereignty push, Mistral aims to close the US-China AI gap. It plans to build Europe's largest AI data center with MGX and Nvidia. Retail sentiment on OpenAI turned bearish amid Meta talent poaching.