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AI & Enterprise

Mistral AI raises 3 billion euros as ASML deepens alliances

France\'s Mistral AI raised 3 billion euros, lifting its valuation to more than 21 billion euros. On the same day, ASML expanded cooperation on advanced lithography with Samsung Electronics and TSMC. The moves were linked to efforts by European companies to rebuild competitiveness in AI and semiconductors. Mistral AI said the Series D round, led by Samsung, was the largest fundraising by a European tech company.

AI & Enterprise

Mistral raises 3 billion euros led by Samsung Electronics

French AI company Mistral said on Tuesday it raised 3 billion euros in a Series D funding round led by Samsung Electronics. The investment valued Mistral at more than 21 billion euros. EQT’s Scaleup Europe Fund and existing investor PSG Equity joined as co-lead investors. Advent, BlackRock-managed funds and accounts, and the Grand Duchy of Luxembourg joined as new investors. Mistral plans to use the funds for AI R&D, computing infrastructure, product development and global expansion.

Industry

Tesla buys up others\' electricity. Why when it makes solar too?

Tesla has agreed to buy 90 percent of the power from a large solar and energy storage project in Arizona under a long-term deal. It also signed a separate power purchase agreement the same day to take all output from a 140 MW solar plant under development in northeast Texas. The deals total more than 640 MW of solar capacity and 360 MW of battery resources, reflecting rising power demand tied to factories and AI computing infrastructure.