BNP Paribas vs Bpifrance

CXMT Poised to Outperform, Analysts Say

China's CXMT, a leading DRAM manufacturer, is expected to outperform due to rising memory prices and tightening global supply. CLSA initiated coverage with an outperform rating and a price target of 84.70 yuan, citing CXMT's growing global market share, projected to reach 14% by next year. Bernstein also initiated coverage with a positive outlook, highlighting CXMT's potential to capture additional global market share beyond China, as foreign OEMs may adopt its memory chips in products sold outside the U.S. The company is expected to release earnings on Oct. 31, with BNP Paribas forecasting a 22% quarter-on-quarter revenue increase. However, BNP maintains a neutral rating, believing positives are priced in.

• CLSA initiated coverage of CXMT with an outperform rating and a price target of 84.70 yuan ($12.64).
• CXMT's global market share by bit shipment is projected to reach 14% next year, up from 9% last year and 12% in 2026.
• Bernstein analysts expect CXMT's DRAM chips to be used by foreign OEMs in products sold outside the U.S., potentially adding 10%+ market share.

Meta launches AI-focused subscription plans

Meta has launched Meta One, a unified subscription service bundling premium features across Instagram, Facebook, WhatsApp, and Meta AI, now globally available. Core functions remain free, while the subscription offers extended AI usage, enhanced self-expression tools, and professional solutions for creators and businesses, gradually rolling out to apps like Edits and AI glasses. Over 15 million subscriptions and trials have been recorded. Pricing starts at $2.99/€2.49 per month for individual app-plus plans, with bundled Core and Premium tiers at $7.99 and $19.99 (€6.99 and €16.99) monthly, and business plans ranging from $14.99 to $499 (up to €549) per month. This initiative aligns with Meta's AI monetization strategy, following a $14.3 billion investment in Scale AI and planned infrastructure spending exceeding $600 billion by 2028. Early revenue data shows Instagram at $1.2 million daily and Facebook at $528,000 as of September 9, 2026, though the launch faces regulatory scrutiny and industry warnings about AI risks.

• Meta One is a unified subscription service for Instagram, Facebook, WhatsApp, and Meta AI, globally available, launched on September 16, 2026.
• Over 15 million subscriptions and trial activations have been recorded from earlier tests.
• Pricing starts at $2.99/€2.49 per month for individual app-plus plans; bundled Core and Premium cost $7.99/€6.99 and $19.99/€16.99 respectively.

Samsung in Talks to Back Mistral AI at €20B Valuation

Samsung is reportedly in talks to invest hundreds of millions of euros in French AI company Mistral AI as part of a fundraising round that could value the company at around €20 billion. The discussions, reported by Reuters and republished by Euronext, also involve EQT's Scaleup Europe Fund. The reporting describes an ongoing fundraising process, not a completed transaction. A potential investment by Samsung would signal continued investor interest in European AI developers. However, no deal has been confirmed, and details such as Samsung's final investment amount, lead role, and the final valuation remain unresolved. Businesses are advised to distinguish between capital-market signals and usable capability, and to await formal announcements from Mistral AI, Samsung, or EQT before making procurement decisions.

• Samsung is reportedly in talks to invest hundreds of millions of euros in Mistral AI.
• The potential funding round could value Mistral AI at approximately €20 billion.
• EQT's Scaleup Europe Fund is reportedly also in discussions to back the round.

Wiremind Raises €35M in First Funding Round

Paris-based AI software company Wiremind has closed a €35 million funding round, marking its first external capital raise since its founding in 2014. The company, which serves the transport, air cargo, and events industries, has been bootstrapped and profitable. The round was led by IronWave (formerly Wendel Growth), Bpifrance Investissement through its Large Venture fund, and Seaya Andromeda. Wiremind's co-founders will retain majority control. The funding will support international expansion into South America, the Middle East, and APAC, as well as increased investment in AI research and development. In 2025, the company's revenue grew 67%, and its flagship CAYZN revenue management system saw ARR grow 81% year-over-year.

• Wiremind, a Paris-based AI software company, raised €35 million in its first funding round.
• The round was led by IronWave, Bpifrance Investissement, and Seaya Andromeda.
• Wiremind has been bootstrapped since its founding in 2014 and remained profitable.

Vates raises €30M from IRIS and Bpifrance

French virtualization company Vates has raised €30 million in growth funding from IRIS' Growth fund and Bpifrance's Large Venture fund. The investment comes amid shifts in the global virtualization market, driven by licensing changes, rising infrastructure costs, and complex architectures. Vates offers an open-source virtualization platform designed to give organizations control, reduce technological dependency, and ensure interoperability and reversibility. The company has expanded internationally, with customers in 100 countries and North America as its largest market. It also joined Gartner's Magic Quadrant for virtualization in 2026. The funding will accelerate Vates' strategy, focusing on next-generation platform development, international expansion in North America and Europe, and building a partner ecosystem. Open source remains central to Vates' approach.

• Vates raised €30 million from IRIS' Growth fund and Bpifrance's Large Venture fund.
• Vates serves customers in 100 countries, with North America as its largest market.
• Vates joined Gartner's Magic Quadrant for virtualization in 2026.

Moins d'un an après son lancement, le Fonds Bpifrance Défense a collecté 150 M€

Le Fonds Bpifrance Défense a collecté 150 M€ moins d'un an après son lancement, marquant l'intérêt des Français pour le secteur de la défense.