ASML Announcement: https://www.asml.com/en/news/press-releases/2025/asml-mistra...
Mistral raises 1.7B€, partners with ASML
mistral.ai
Mistral raises 1.7B€, partners with ASML
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Re: Mistral raises 1.7B€, partners with ASML
#2With investments of these huge amounts (similar to Anthropic's recent investment), do they actually get a full 1.7B€ deposited into their bank account? Or does it work in some other way?
Re: Mistral raises 1.7B€, partners with ASML
#3I truly do not see the USP for Mistral other than being based in EU. It's former USP of setting up their models on-premises for clients is now moot with the proliferation of open frontier models. I'd love to be proven wrong but I don't see a path forward for Mistral at this point, given how far they're behind and their overall lack of competitive advantages for an AI Lab like access to hardware, cheap energy or a mass of AI talent.
Re: Mistral raises 1.7B€, partners with ASML
#4I don’t really get why ASML is putting money into Mistral AI. ASML is specialized in lithography machines. Mistral, on the other hand, is yet another LLM startup.
What’s the actual synergy here? The closest angle I can imagine is that AI workloads drive demand for more chips, but I believe ASML is already selling everything it can make.
Re: Mistral raises 1.7B€, partners with ASML
#5With investments of these huge amounts (similar to Anthropic's recent investment), do they actually get a full 1.7B€ deposited into their bank account? Or does it work in some other way?
It works whatever way is agreed upon between them and the investors. For such large amounts it’s unlikely to be pure cash (there’s likely some amount of services somewhere in there), and they won’t be calling for all that cash at once.
The cash that is guaranteed is sent as soon as the investee needs it (they do what is called a capital call). Early stage startups and investments just do one capital call for the full amount, but larger amounts are often committed for periods of time; this also helps the investors schedule their own cash flow: for example if I have 500m this year and 500m next year, I can invest 1b in you, given the right schedule.
Re: Mistral raises 1.7B€, partners with ASML
#6I wonder what process in ASML is such that Mistral group would bring something new there...
Re: Mistral raises 1.7B€, partners with ASML
#7With investments of these huge amounts (similar to Anthropic's recent investment), do they actually get a full 1.7B€ deposited into their bank account? Or does it work in some other way?
I'm also wondering this. It also doesn't seem to be a coincidence, that ASML is an integral part of the semiconductor value chain.
Re: Mistral raises 1.7B€, partners with ASML
#8I truly do not see the USP for Mistral other than being based in EU. It's former USP of setting up their models on-premises for clients is now moot with the proliferation of open frontier models. I'd love to be proven wrong but I don't see a path forward for Mistral at this point, given how far they're behind and their overall lack of competitive advantages for an AI Lab like access to hardware, cheap energy or a mas…
Do they really need to be anything more than the best European option to be successful? Especially with how
Re: Mistral raises 1.7B€, partners with ASML
#9I truly do not see the USP for Mistral other than being based in EU. It's former USP of setting up their models on-premises for clients is now moot with the proliferation of open frontier models. I'd love to be proven wrong but I don't see a path forward for Mistral at this point, given how far they're behind and their overall lack of competitive advantages for an AI Lab like access to hardware, cheap energy or a mas…
I generally share your skepticism, but didn‘t DeepSeek prove that one does not need a „competitive advantage“ in hardware? And if that does not hold for HW, it likely also doesn't hold for energy.
Re: Mistral raises 1.7B€, partners with ASML
#10I don’t really get why ASML is putting money into Mistral AI. ASML is specialized in lithography machines. Mistral, on the other hand, is yet another LLM startup. What’s the actual synergy here? The closest angle I can imagine is that AI workloads drive demand for more chips, but I believe ASML is already selling everything it can make.
AI is being used more and more in chip design