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Story summary
- ASML invests €1.3 billion in French AI startup Mistral, acquiring an 11% stake and becoming its largest shareholder.
- This investment is part of a €1.7 billion funding round, valuing Mistral at €11.7 billion, making it Europe's most valuable AI company.
- The partnership aims to enhance Europe's tech sovereignty and reduce dependence on U.S. firms amid geopolitical tensions.
- Mistral, founded in 2023, specializes in generative AI and has quickly gained prominence.
- Analysts see this deal as a strategic move to strengthen European tech independence and innovation.
