The “historic” agreement between Mistral AI and ASML is a step towards European sovereignty
The Dutch semiconductor etching machine manufacturer is investing €1.3 billion in the Parisian artificial intelligence startup, valuing the main European competitor to American AI companies at $11.7 billion. The international press sees this as a way to free itself from technological dependence on the United States.
ASML, the semiconductor manufacturing giant, is investing €1.3 billion in Mistral AI. The Dutch manufacturer's "surprising move" " supports Europe's leading artificial intelligence startup," and it's a "victory for the European sovereignist camp" that's campaigning to break free from the hegemony of American tech, Bloomberg notes .
The Dutch group thus becomes, with an 11% stake, the main shareholder of the Parisian company. This investment is itself part of a €1.7 billion funding round that allows Mistral AI to “double its valuation” to €11.7 billion. Above all, “this alliance allows Mistral AI, the only credible European competitor to big names in AI such as OpenAI, to benefit from the support of one of the largest and most powerful tech companies on the continent,” notes the American economic media.
For the Financial Times , it is a “historic European agreement” that now links the French start-up and “one of the continent’s largest listed companies.” Arthur Mensch, CEO and co-founder of Mistral, explained on Tuesday, September 9 that “it is important
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