jstar
Mr. 10,000
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The French company Mistral has an AI assistant called Le Chat. Connoisseurs see the company as Europe's best opportunity to become a global AI player. Founded in 2023 by former researchers from Google DeepMind and Meta, Mistral has quickly become the centerpiece of Europe's push to develop its own AI. Independence from US suppliers is a major goal.
The Dutch chip equipment maker ASML said Tuesday it invested €1.3 billion ($1.5 billion) in Mistral AI, giving it an 11% stake and making it the French startup's largest shareholder.
The deal values the company at €11.7 billion, the highest for any AI startup in Europe. While still far smaller than U.S. rivals like OpenAI, which has a $500 billion valuation, Mistral is now Europe's most prominent AI player.
The focus now turns to how quickly ASML can put Mistral's AI into practice — and whether the partnership helps Europe close the gap with the U.S.
The Dutch chip equipment maker ASML said Tuesday it invested €1.3 billion ($1.5 billion) in Mistral AI, giving it an 11% stake and making it the French startup's largest shareholder.
The deal values the company at €11.7 billion, the highest for any AI startup in Europe. While still far smaller than U.S. rivals like OpenAI, which has a $500 billion valuation, Mistral is now Europe's most prominent AI player.
The focus now turns to how quickly ASML can put Mistral's AI into practice — and whether the partnership helps Europe close the gap with the U.S.
