US EditionASML Becomes Mistral's Largest Investor, Securing €1.7 Billion to Boost Europe’s AI Ambitions
ASML's €1.3 billion investment secures an 11% stake in Mistral AI, enabling strategic collaboration to integrate AI into semiconductor manufacturing and strengthen European tech sovereignty.
- ASML confirmed its €1.3 billion investment in Mistral AI, acquiring an 11% stake in the company as part of a strategic partnership.
- Mistral AI is recognized as a major developer of foundational models, competing with US counterparts.
- ASML stated that the collaboration aims to generate benefits for ASML customers and explore Mistral's AI across its product portfolio.
- Digital Minister Clara Chappaz emphasized that European digital sovereignty is being built through this investment.
96 Articles
96 Articles
Mistral Emerges as Last, Best Hope for European AI Contender
ASML Holdings NV’s €1.3 billion investment in Mistral gives the French startup a valuable dose of capital and credibility as it seeks to build an artificial-intelligence champion for Europe. Yet Mistral still has to prove it can survive in an industry dominated by much larger American and Chinese competitors.
1.3 billion deal between Asml and Mistral AI on artificial intelligence. The Dutch company becomes the main shareholder of the French startup
The chip machine company has been cooperating with the Paris AI provider for a long time. Now it becomes the main shareholder. For Mistral, the financial round is important in order to defend itself against the competition from China and America.
ASML becomes biggest Mistral investor in boost to Europe's AI ambitions
Dutch chip equipment maker ASML has invested 1.3 billion euros ($1.5 billion) to become the biggest investor in French artificial intelligence startup Mistral AI in a significant boost to Europe's AI ambitions.
Why ASML, which makes million-dollar machines, is buying a stake in AI chatbot creator
ASML’s announcement it was buying a significant stake in a producer of one of the leading large language models has prompted both curiosity as well as praise. Article Attribution | Read More at Article Source The post Why ASML, which makes million-dollar machines, is buying a stake in AI chatbot creator appeared first on RocketNews.
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