French AI company Mistral AI completes €1.7 billion Series C financing, led by lithography giant ASML
ChainCatcher News: According to the official website of ASML, Dutch lithography machine manufacturer ASML (ASML.O) has signed a long-term strategic cooperation agreement with French AI company Mistral AI. The two parties will explore the application of AI models in ASML's products, R&D, and operations to enhance the speed and performance of customers' product launches.
ASML will act as the lead investor in Mistral AI's Series C financing round, investing 1.3 billion euros and holding approximately 11% of the shares, becoming Mistral's largest shareholder and obtaining a seat on the Mistral AI Strategic Committee. This investment is part of Mistral's 1.7 billion euro financing round, bringing its valuation to approximately 11.7 billion euros.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
JPMorgan raises BlackRock's target price to $1,449
ECB’s Dolenc says central bank may not have to do as much if markets tighten
BlackRock CEO Larry Fink warns: AI infrastructure has become the backbone of the US economy, halting data center construction will trigger a recession
BlackRock CEO Larry Fink has issued a rare recession warning, stating that if the United States imposes any form of moratorium on data center construction, the economy will plunge directly into recession. As the midterm elections approach, the construction of AI infrastructure has escalated from a business issue to a political bombshell. Analysts predict that AI capital expenditures could surpass 1 trillion dollars by 2027. Any disruption in policy would trigger a chain reaction impacting the supply chain, job market, and energy industry.
BTC market dominance rises to 60.46%
Crypto prices
More
