I have realised just how meaningless valuations now are. As much as we use them as a marker of success, you can find someone to write the higher valuation ticke

I have realised just how meaningless valuations now are. As much as we use them as a marker of success, you can find someone to write the higher valuation ticket when it suits their agenda too e.g the markup, the status signal, or just getting the deal done ahead of your more rationale competitors in the investment landscape. Now that's not to say Mistral isn't a valuable company or that they aren't doing good work. It's just valuation markers are meaningless and most of this capital raise in the AI space is about offsetting the cloud/GPU spend. Might get downvoted to death but watching valuation news feels like no news.