Mistral Rumored to Be Raising €3B at a €20B Valuation
French AI startup Mistral is reportedly in talks to raise €3 billion in a new funding round, according to TechCrunch. The round would value the company at approximately €20 billion — roughly $23.15 billion USD — which would represent nearly double its Series C valuation of €11.7 billion.
No deal has been officially confirmed at this time. If the round closes at the reported terms, it would mark a significant step in Mistral's growth trajectory and further cement its position among the top-tier independent AI model developers globally.
Reports Surface of Low Morale Inside Meta's AI Unit
A new report from TechCrunch indicates that engineers inside Meta's AI division — a unit that employs approximately 6,500 people — are expressing significant dissatisfaction with working conditions. According to the report, the unit, which was established only months ago, is described by some employees as demoralizing, with tensions reportedly running high across the organization.
TechCrunch notes that the situation has reached a point where the unit may be "on the verge of revolt," though specific details on the structural or organizational factors driving the discontent were not fully elaborated in the initial report.
The development is worth monitoring for anyone following Meta's broader AI strategy, as the company has made substantial investments in building out its AI capabilities over the past several years.
Those are the key AI industry business and organizational developments from June 13, 2026. Check back for further updates as these stories develop.