ASML to invest $1.5B in Mistral at over $11B valuation
6 hours ago
- #European Tech
- #Semiconductor Industry
- #AI Investment
- ASML to invest €1.3B in Mistral AI, becoming its largest shareholder in a €1.7B round.
- Mistral's pre-money valuation at €10B, making it Europe's most valuable AI company.
- Deal aims to bolster European tech sovereignty and reduce reliance on U.S./Chinese tech.
- ASML to gain board seat; could use Mistral's AI expertise to improve its chipmaking tools.
- Mistral founded in 2023 by ex-DeepMind and Meta researchers, backed by Nvidia.