A key European competitor in the AI space that is reportedly raising funds at more than double its previous valuation, with a focus on open-source models as a key differentiator.

Identified as a leading AI startup whose valuation has skyrocketed, making it a difficult and expensive acquisition target for companies like Apple.

Raising funds at a $6.2 billion valuation, a significant step-up from its previous $2 billion, driven by strong investor interest in leading AI companies.

Positioning itself as the leading 'sovereign AI' player in Europe with significant government and corporate support, investing heavily to compete with US giants.