Samsung in Talks to Invest in Mistral at $23 Billion Valuation
The fundraising round could value Mistral at about €20 billion as Samsung weighs a larger push into European artificial intelligence, Reuters reported.
- On Wednesday, South Korea's Samsung entered talks to invest roughly €1 billion in French AI startup Mistral as part of a fundraising round valuing the group at roughly €20 billion, the Financial Times reported.
- Microsoft recently announced a "multibillion-dollar commitment" to Mistral's computing infrastructure, bolstering European AI autonomy after the Trump administration blocked foreign access to advanced models from San Francisco-based Anthropic.
- Swedish investor EQT's Scaleup Europe Fund, backed by Brussels, is also in discussions to join the fundraising round, building on Mistral's $830 million debt financing in March for a data centre in Bruyeres-le-Chatel, Paris.
- Mistral, Europe's most valuable AI startup, positions itself as a regional alternative to global giants while supplying the French military; the current round marks a significant valuation increase from the €12 billion set last year.
- Chief executive Arthur Mensch aims for annual recurring revenues to exceed $1 billion by year-end while focusing on open models ensuring European autonomy; the company previously committed more than $1.4 billion for digital infrastructure across Europe through 2027.
30 Articles
30 Articles
Samsung’s Billion-Euro Bet on Mistral Signals Europe’s AI Independence Push
Samsung Electronics stands on the verge of a major move. The South Korean giant is in talks to pour up to €1 billion into French AI startup Mistral. That commitment could push the young company’s valuation to roughly €20 billion. The Financial Times first reported the discussions. Details remain fluid. Yet the potential deal marks more than a simple equity transaction. It ties hardware muscle to model development. And it underscores growing anxi…
Samsung in talks to invest up to €1B in Mistral at €20 billion valuation - Tech Startups
Samsung Electronics is in advanced talks to invest up to €1 billion in French AI startup Mistral AI, a deal that would value the company at roughly €20 billion ($22.8 billion) and mark one of the biggest strategic bets yet […] The post Samsung in talks to invest up to €1B in Mistral at €20 billion valuation first appeared on Tech Startups.
French AI developer Mistral could soon win another prominent investor. According to media reports, the South Korean chip company Samsung is looking into billions of dollars.
Samsung in talks to back France's Mistral at €20bn valuation
French AI start-up Mistral is seeking to raise several billion euros at a €20bn valuation, with Samsung among the investors in discussions to back the round, the Financial Times reported today. Read more: Samsung in talks to back France’s Mistral at €20bn valuation – FT
Foreign media reports suggest that Samsung is discussing a plan to invest hundreds of millions of euros in Mistral AI, a leading French artificial intelligence (AI) startup. On the 22nd (local time), the Financial Times (FT), citing multiple sources, reported that discussions are underway for Samsung to participate in an investment round aimed at raising billions of euros by Mistral, which is targeting a corporate value of 20 billion euros (appr…
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