ASML becomes Mistral AI’s top shareholder after leading latest funding round

ASML, a crucial supplier of advanced chipmaking equipment, is set to become the top shareholder of French artificial intelligence startup Mistral AI in a move to strengthen European tech sovereignty, people familiar with the matter told Reuters.

The Dutch ASML is committing €1.3 billion ($1.5 billion) for Mistral’s €1.7 billion (~$2 billion) fundraise and is expected to get a board seat at Mistral, said the people, who requested anonymity to discuss private negotiations.

The round will make Mistral the most valuable AI company in Europe with a…