Mistral AI Doubles Valuation to $14 Billion Through ASML Investment

The fundraising led by Europe's largest tech company gives the region's leading AI provider new momentum in the competition to develop its own models. Europe's most prominent AI developer is utilizing funding from the continent's largest technology giant to keep pace in the global AI race. ASML Investment and New Funding Round The Dutch chip equipment manufacturer ASML (i) is pumping more than $1.5 billion for an 11% stake in the French company Mistral AI. This leads a funding round that values the Parisian startup at nearly $14 billion, more...