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Mistral Aims to Raise Financing for AI Cloud Service

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Mistral AI is reportedly in talks to raise as much as $1 billion in equity financing from investors including MGX as well as hundreds of millions of euros in debt from French lenders.

The debt would help fund an artificial intelligence (AI) cloud service in France called Mistral Compute, Bloomberg reported Tuesday (July 8), citing unnamed sources.

The discussions are in their early stages and could change, according to the report.

Neither Mistral AI nor MGX immediately replied to PYMNTS’ request for comment.

According to the Bloomberg report, the potential equity financing would deepen ties between France and the United Arab Emirates (UAE) in the AI field, as Mistral AI is based in France and MGX is based in Abu Dhabi.

The two companies have already partnered with Nvidia to build Europe’s largest data center campus, the report said.

When Mistral AI and Nvidia announced in June that they had partnered to develop next-generation AI cloud services in France, France took a major step forward in asserting its AI power, PYMNTS reported at the time.

During a panel at the Viva Tech 2025 conference, French President Emmanuel Macron said the collaboration was “a game changer” and praised it as key to strengthening the country’s technological independence.

Mistral AI CEO Arthur Mensch said during the panel the AI cloud services project would expand Mistral’s business model, with the company transitioning from merely being a model developer to a vertically integrated AI cloud provider.

“We’re still doing models, but on top of that, we are going to be operating more of our software platform on digital assets that we’re deploying — that we’re deploying together,” Mensch said.

It was reported in May that Mistral AI had tripled the revenue of its business in about three months.

“In the last 100 days, we have tripled our business, in particular in Europe and outside of the U.S.,” Mensch told reporters. “We’ve been … growing in the U.S. quite fast as well.”

Mistral AI, which is valued at $6 billion, does not publicly disclose its revenue, but had, by at least one account, revenues of $30 million last year.



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Americans May Have To Pay Much More For Electricity. Reason: Artificial Intelligence

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Artificial intelligence is reshaping the future — but not without a cost. A new report by the White House Council of Economic Advisors warns that AI and cloud computing may drive up electricity prices dramatically across the United States unless urgent investments are made in power infrastructure.

The study highlights a significant shift: after decades of minimal electricity demand growth, 2024 alone saw a 2% rise, largely attributed to the surge in AI-powered data centers. The International Energy Agency (IEA) projects that by 2030, data centers in the US could consume more electricity than the combined output of heavy industries such as aluminum, steel, cement, and chemicals.

Productivity Promises VS Power Pressures

Despite the looming challenges, the report does not discount AI’s potential benefits. If half of all US businesses adopt AI by 2034, labor productivity could rise by 1.5 percentage points annually, potentially boosting GDP growth by 0.4% that year. But that promise comes with a price.

To meet the surge in demand, especially when factoring in industrial electrification and efforts to reshore manufacturing, the US would need to invest an estimated 1.4 trillion Dollars between 2025 and 2030 in new electricity generation. That figure surpasses the industry’s investment over the past decade. The study cautions that without the emergence of lower-cost power providerssuch as renewables or advanced nuclearelectricity bills will rise sharply.



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Delaware Firm to Evolve Defense Tech Org With Self-Growing AI

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Star26 Capital Inc. is collaborating with Delaware-based Synthetic Darwin to supercharge its defense tech developments through self-growing AI.

This partnership will utilize Darwinslab, an AI ecosystem where digital agents generate, assess, and cultivate other algorithms inspired by biological evolution.

The solution slashes the time needed to build or sustain complex AI systems, shrinking development cycles to days and enabling rapid adaptation to new data and mission needs.

Read the full story on our new publication, Military AI: Delaware Firm to Evolve New York Defense Tech Org Through Self-Growing AI



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AI isn’t just for coders: 7 emerging non-tech career paths in artificial intelligence

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7 emerging non-tech career paths in artificial intelligence

Artificial intelligence is no longer the future. It’s already shaping how we live, work, and learn. From smart assistants to personalised learning apps and automated hiring tools, AI is now part of everyday life. But here’s something many students still don’t realise — you don’t have to be a computer science genius to build a meaningful career in AI.In 2025, AI needs more than just coders. It needs people who understand ethics, design, communication, psychology, policy, and human behaviour. Whether you’re studying law, liberal arts, design, economics, or media, there is space for you in this fast-growing field. These emerging roles are all about making AI more responsible, more human, and more useful.Here are seven exciting non-tech career paths in artificial intelligence that you can start exploring now.

AI ethics specialist

AI systems make decisions that can affect real lives — from who gets hired to who receives a loan. That’s why companies and governments need experts who can guide them on what’s fair, what’s biased, and what crosses a line. Ethics specialists work closely with developers, legal teams, and product leaders to make sure AI is built and used responsibly.Best suited for: Students from philosophy, sociology, law, or political science backgroundsWhere to work: Tech companies, research institutes, policy think tanks, or digital rights NGOs

AI UX and UI designer

AI tools need to be easy to use, intuitive, and accessible. That’s where design comes in. AI UX and UI designers focus on creating smooth, human-centered experiences, whether it’s a chatbot, a virtual assistant, or a smart home interface. They use design thinking to make sure AI works well for real users.Best suited for: Students of psychology, graphic design, human-computer interaction, or visual communicationWhere to work: Tech startups, health-tech and ed-tech platforms, voice and interface design labs

AI policy analyst

AI raises big questions about privacy, rights, and regulation. Governments and organisations are racing to create smart policies that balance innovation with safety. AI policy analysts study laws, write guidelines, and advise decision-makers on how to manage the impact of AI in sectors like education, defense, healthcare, and finance.Best suited for: Public policy, law, international relations, or development studies studentsWhere to work: Government agencies, global institutions, research bodies, and policy units within companies

AI behavioural researcher

AI tools influence human behaviour — from how long we scroll to what we buy. Behavioural researchers look at how people respond to AI and what changes when technology gets smarter. Their insights help companies design better products and understand the social effects of automation and machine learning.Best suited for: Students of psychology, behavioural economics, sociology, or educationWhere to work: Tech companies, research labs, social impact startups, or mental health platforms

AI content strategist and explainer

AI is complex, and most people don’t fully understand it. That’s why companies need writers, educators, and content creators who can break it down. Whether it’s writing onboarding guides for AI apps or creating videos that explain how algorithms work, content strategists make AI easier to understand for everyday users.Best suited for: Students of journalism, English, media studies, marketing, or communicationWhere to work: Ed-tech and SaaS companies, AI product teams, digital agencies, or NGOs

AI program manager

This role is perfect for big-picture thinkers who love connecting people, processes, and purpose. Responsible AI program managers help companies build AI that meets ethical, legal, and user standards. They coordinate between tech, legal, and design teams and ensure that AI development stays aligned with values and global standards.Best suited for: Business, liberal arts, management, or public administration studentsWhere to work: Large tech firms, AI consultancies, corporate ethics teams, or international development agencies

AI research associate (non-technical)

Not all AI research is about coding. Many labs focus on the social, psychological, or economic impact of AI. As a research associate, you could be studying how AI affects jobs, education, privacy, or cultural behaviour. Your work might feed into policy, academic papers, or product design.Best suited for: Students from linguistics, anthropology, education, economics, or communication studiesWhere to work: Universities, research labs, global think tanks, or ethics institutesThe world of AI is expanding rapidly, and it’s no longer just about math, code, and machines. It’s also about people, systems, ethics, and storytelling. If you’re a student with curiosity, critical thinking skills, and a passion for meaningful work, there’s a place for you in AI — even if you’ve never opened a programming textbook.TOI Education is on WhatsApp now. Follow us here.





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