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The company that holds a total global monopoly on the machines that make AI chips just took an 11% stake in a two-year-old French startup — and that startup was founded by two of the people who literally invented open-weight AI models at Meta. Mistral AI is quietly building the thing nobody thought Europe could pull off: a sovereign AI stack where your data never touches an American server, not because of a contract, but because of physics. The US and China are the only countries with frontier AI right now, and Mistral is the most serious attempt anyone has made to change that number to three.