ASML is investing $1.5 billion in Mistral AI's Series C funding round, valuing the French AI startup at $11.7 billion and positioning it as Europe's most valuable AI company. The investment aims to bolster European technological sovereignty and reduce reliance on U.S. AI models. ASML's lithography technology combined with Mistral's AI capabilities could lead to efficiency improvements and new product development.
Mistral AI, founded in 2023, has garnered previous investment from Nvidia. The company develops open-source large language models and AI assistants. Mistral projects a fivefold revenue increase from €10 million in 2023 to around €60 million in 2025, driven by enterprise adoption.
ASML's investment could secure a board seat at Mistral. The collaboration between ASML and Mistral signifies a move towards strengthening Europe's AI ecosystem and reducing dependence on foreign AI technologies.
