"Mistral, which is seen as Europe's answer to OpenAI, received a 1.3 billion euros, or $1.5 billion, investment from ASML as part of a wider $2 billion funding round, the companies said Tuesday. ASML, which has a market capitalization of $308 billion, has taken a roughly 11% stake in Mistral, making it the startup's largest shareholder. The Dutch company sells specialized machinery essential for chip manufacturing,"
"Mistral has developed large language models that are open weights, meaning anyone can see or use information determining how the model works after it's been trained - but not the full source code. ASML's president and CEO, Christophe Fouquet, said the company would use Mistral's AI technology in its own supply chains and for R&D. Arthur Mensch, the cofounder and CEO of Mistral, said it would help ASML "solve current and future engineering challenges through AI.""
ASML invested €1.3 billion ($1.5 billion) in Mistral as part of a broader $2 billion funding round. ASML took roughly an 11% stake, becoming Mistral's largest shareholder. The investment roughly doubles Mistral's post-money valuation to nearly $13.8 billion, making Mistral Europe's most valuable AI startup. Mistral develops large language models with open weights that allow inspection of model parameters after training but not full source code. ASML plans to deploy Mistral's AI across its supply chains and research and development. Other investors in the round include DST Global, Andreessen Horowitz, and Nvidia.
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