FRENCH OUTPOST

Aramco Ventures opens Paris office for European investments

Mistral, a maker of large language AI models based in France, counts Sanabil, a tech arm of the Saudi Public Investment Fund, among its investors

LUDOVIC MARIN/AFP via Getty Images)

The Arc de Triomphe in Paris, seen from the La Defense business district

Aramco Ventures, a VC arm of Saudi Arabia’s state-owned oil company, is opening an office in Paris to oversee hundreds of millions of dollars worth of investments in artificial intelligence planned across Europe.

While heavy red-tape has hindered...