ASML is poised to become the largest shareholder in Mistral AI, a French AI startup, through a €1.3 billion investment in its €1.7 billion funding round. This investment values Mistral AI at €10 billion and aims to bolster European independence in the AI sector. Mistral AI is developing generative AI models and AI assistants, such as its chatbot Le Chat, specifically designed for the European market.
Mistral AI's open-source approach distinguishes it from many competitors. The company plans to expand its data centre infrastructure near Paris, powered by low-carbon energy, and extend its reach to the Asia-Pacific and North America. ASML's investment could help Mistral AI reduce reliance on US and Chinese AI models. ASML could leverage Mistral AI's data analytics and AI capabilities to enhance its tools and develop new products.
