News Summary

• Mistral AI has acquired Pimento, a Paris-based generative AI company that creates advertising content.
• The acquisition was first mentioned on Monday by L’Informé, and Mistral confirmed it to AFP the same day, citing a price of “several million euros” Two sources have now shared different numbers for the deal, with one saying Mistral would pay about €3.8 million.
• On September 8, Mistral announced a Series D round worth €3 billion, giving the company a post-money valuation of over €21 billion.