ASML invests in French startup Mistral AI to strengthen European tech sovereignty<\/p>\n\n\n\n
ASML, a key supplier of semiconductor manufacturing equipment, plans to become the main shareholder of French artificial intelligence startup Mistral AI, aiming to boost Europe\u2019s technological independence.<\/p>\n\n\n\n
The Dutch company is allocating \u20ac1.3 billion to Mistral\u2019s \u20ac1.7 billion funding round and, according to sources, will secure a seat on the board of directors. This will raise Mistral\u2019s valuation to \u20ac10 billion ($11.7 billion) before the investment, making it Europe\u2019s most valuable AI company.<\/p>\n\n\n\n
Mistral, often referred to as \u201cFrance\u2019s and Europe\u2019s AI champion,\u201d competes with OpenAI and Google. The investment will unite two leading European players: ASML\u2019s funding will help Mistral reduce Europe\u2019s reliance on American and Chinese AI models.<\/p>\n\n\n\n
ASML is the world\u2019s only manufacturer of extreme ultraviolet (EUV) lithography systems, which are essential for producing the most advanced chips. Such machines cost around $180 million and are supplied to companies like TSMC and Intel. Leveraging Mistral\u2019s technology could help ASML improve the efficiency of its tools and develop new products.<\/p>\n\n\n\n
Mistral was founded in 2023 by Arthur Mensch (ex-DeepMind) and former Meta researchers Timoth\u00e9e Lacroix and Guillaume Lample. Last year, the company raised funds at a valuation of over $6 billion, and the new round could push its worth up to $14 billion.<\/p>\n\n\n\n
According to sources, ASML was advised by Bank of America, which declined to comment on the deal.<\/p>\n","protected":false},"featured_media":3961,"template":"","class_list":["post-3963","news","type-news","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/stocksoft.com.pl\/en\/wp-json\/wp\/v2\/news\/3963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocksoft.com.pl\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/stocksoft.com.pl\/en\/wp-json\/wp\/v2\/types\/news"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stocksoft.com.pl\/en\/wp-json\/wp\/v2\/media\/3961"}],"wp:attachment":[{"href":"https:\/\/stocksoft.com.pl\/en\/wp-json\/wp\/v2\/media?parent=3963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}