Samsung Weighs €1 Billion Mistral AI Stake as Startup Seeks Funding at €20 Billion Valuation
Updated
Updated · en.bloomingbit.io · Jul 22
Samsung Weighs €1 Billion Mistral AI Stake as Startup Seeks Funding at €20 Billion Valuation
3 articles · Updated · en.bloomingbit.io · Jul 22
Summary
Samsung is discussing an investment of about €1 billion in Mistral AI, joining a fundraising round that could value the French startup at €20 billion.
Mistral is seeking to raise several billion euros in the round, according to the Financial Times, extending talks first described earlier as a potential hundreds-of-millions investment.
€1.7 billion was raised by Mistral in September last year, with most of that funding coming from ASML, which uses the startup's AI models.
The talks would deepen Samsung's ties to Mistral, which has positioned itself as a European alternative to major U.S. AI groups.