Summary Bullets:
• Mistral AI’s valuation went up to EUR11.7 billion after a funding round of EUR1.7 billion spearheaded by Netherlands-based ASML.
• The French company has the edge in open source and is well positioned to capitalize on the sovereign AI trend sweeping Europe right now.
Semiconductor equipment manufacturer ASML and Mistral AI announced a partnership to explore the use of AI models across ASML’s product portfolio to enhance its holistic lithography systems. In addition, ASML was the lead investor in the latest funding round in the AI startup and now holds 11% share on a fully diluted basis in Mistral AI.
Continue reading “Mistral AI’s Independence from US Companies Lends it a Competitive Edge”
You must be logged in to post a comment.