Evening Scan

Mistral raised €3B at a valuation nearly double last year's, while Anthropic killed a deal that would have been one of the year's largest AI acquisitions. Xiaomi released a foldable phone two days before Apple's expected announcement.

Mistral raised a €3B Series D led by Samsung at a ~€21B valuation

Mistral's valuation jumped from €11.7B to €22.5B. The company is shifting from model development to building data centers—rebranding the "European alternative" pitch as infrastructure-backed. (New York Times)

Anthropic walks away from ~$6B Decart acquisition (paywall)

Anthropic terminated the deal during due diligence. The company has not disclosed the reason. (Bloomberg)

Xiaomi announces the 18 Fold, beating Apple to the punch

Xiaomi's wide-format foldable includes a chip that The Verge says improves mobile gaming graphics. The release comes two days ahead of Apple's foldable reveal. (MacRumors)

Stoke Space raises another $1B to rival SpaceX at re-flying rockets

A Series E of this size for a company still working toward orbit reflects investor confidence in the reusable rocket market. (TechCrunch)

“Xiaomi is the latest manufacturer to release a short, wide foldable phone, in the week Apple is expected to do the same.” — The Verge