Sovereign Open-Weight AI Economics: Mistral's €21B Valuation & the Enterprise Control Shift [2026]
Mistral's €3B Series D at €21B+ valuation — the largest European tech fundraising round — marks the definitive shift from closed to sovereign open-weight AI. Analysis of the economics: data control premiums, vLLM inference cost comparisons, and enterprise deployment patterns across Mistral's full stack.