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The Independent UK
The Independent UK
National
Via AP news wire

ASML invests $1.5B in French AI startup Mistral, forming European tech alliance

Mistral ASML Euro Europe Mistral AI Arthur Mensch
Europe-ASML-Mistral - (Copyright 2023 The Associated Press. All rights reserved)

ASML, a leading Dutch maker of chipmaking gear, is investing 1.3 billion euros ($1.5 billion) into French artificial intelligence startup Mistral AI, the two said on Tuesday, announcing a partnership between two of Europe's top technology companies.

ASML Holding, based in Veldhoven, Netherlands, holds an important role in the global tech industry because it makes equipment used to manufacture semiconductors, including the most advanced microchips used for cutting-edge AI systems.

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