Sources: Samsung may invest up to €1B in Mistral as part of a broader round valuing it at ~€20B, after previously backing the AI startup through its venture arm (Financial Times)

Techmeme ·

Samsung is reportedly considering up to €1B in Mistral funding, signaling a major strategic bet on Europe’s leading AI lab.

Categories: Money & Moves

Excerpt

<a href="https://www.ft.com/content/67a5d255-c6e9-4269-b8a0-3105db69c1ec"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260722/i1.jpg" vspace="4" /></a> <p><a href="https://www.techmeme.com/260722/p1#a260722p1" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> <a href="https://www.ft.com/">Financial Times</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.ft.com/content/67a5d255-c6e9-4269-b8a0-3105db69c1ec">Sources: Samsung may invest up to &euro;1B in Mistral as part of a broader round valuing it at ~&euro;20B, after previously backing the AI startup through its venture arm</a></b></span>&nbsp; &mdash;&nbsp; South Korean giant could invest as much as &euro;1bn in French AI group seeking to be a leading alternative to US tech</p>