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European Tech
All articles tagged with #european tech
ASML's $1.5 Billion Investment Propels Mistral AI to $14 Billion Valuation
ASML, a Dutch semiconductor equipment maker, is investing $1.5 billion in the French AI startup Mistral, valuing it at $13.8 billion, to strengthen Europe's position in AI and semiconductor technology amid geopolitical and competitive pressures.
"Mistral AI's Expansion with Microsoft and Ambitious Plans to Challenge OpenAI"
Microsoft has announced a partnership with French start-up Mistral AI, investing in the company to expand its presence in the artificial intelligence industry. This move will allow Mistral's large language models to be available on Microsoft's Azure cloud platform, making it the second company after OpenAI to do so. The partnership aims to unlock new commercial opportunities and expand to global markets, with Microsoft emphasizing its support for European technology amid growing scrutiny from EU antitrust regulators.