AI firm Mistral valued at $14 billion as chip giant ASML takes major stake

Mistral AI, a company supported by Nvidia, has achieved an impressive valuation of 11.7 billion euros, equivalent to approximately $13.8 billion, following a successful Series C funding round. In a notable move, the Dutch semiconductor equipment manufacturer ASML has acquired a significant stake in the French AI firm. ASML contributed 1.3 billion euros to Mistral AI's overall funding round, which totaled 1.7 billion euros. This investment grants ASML an 11% ownership stake in Mistral AI on a fully diluted basis, marking a significant partnership in the tech industry. Reports about this funding initiative were previously covered by Reuters. Stay tuned for updates on this developing story.