"In addition to a €1.3 billion investment and an 11 percent stake in French company Mistral AI, chip machine manufacturer ASML is aiming for more. A long-term collaboration agreement will bring AI models to the entire production line of the Dutch lithography company. ASML CEO Christophe Fouquet says that joint research between his company and Mistral AI offers many opportunities."
"Based on Reuters reporting, we speculated on Monday that ASML would not be just any investor in the young Mistral AI, founded in 2023. The only European AI model builder that can compete with the American and Chinese giants is a logical partner for ASML. Unlike Google or OpenAI, Mistral AI's revenue model is explicitly focused on business applications, with several small models ("ministraux") that are domain-specific already available."
"One example of this is the focus on OCR (Optical Character Recognition), which is primarily designed to recognize letters and numbers but can be used much more broadly. At its core, it involves visual pattern recognition that can be applied to production lines the world over, with Mistral OCR having a lower error rate than when Google Gemini tries to perform the same task or if OpenAI's GPT-5 has a go."
ASML invested €1.3 billion and acquired an 11 percent stake in Mistral AI while signing a long-term collaboration to deploy AI models across its entire production line. ASML CEO Christophe Fouquet says joint research with Mistral AI presents many opportunities and frames the partnership as more than a vendor-client relationship. Mistral AI, founded in 2023, positions itself as a European competitor focused on business applications with several domain-specific small models called "ministraux." Mistral emphasizes OCR and visual pattern recognition, claiming lower error rates than Google Gemini or OpenAI's GPT-5. An IPO is a plausible next step; the founder has stated the company is not for sale.
Read at Techzine Global
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