Samsung is in talks to invest hundreds of millions of euros in the AI start-up Mistral, as part of a fundraising round that could value the group at roughly $22.81 billion. Samsung could invest about €1 billion in the new round with talks going on with Swedish investor EQT’s Scaleup Europe Fund to back the fundraising round. In April, Samsung said it would consider investment and acquisitions where necessary to accelerate development and commercialization in robotics.
This comes after Microsoft agreed to spend billions of dollars on Mistral's computing infrastructure in Europe under a deal that will also expand distribution of the French AI startup's technology through the U.S. cloud and software giant.
Mistral supplies the French military and has positioned itself as a European alternative to U.S. technology giants at a time when governments in the region are pushing for greater technological independence.
There is a growing interest in Europe and elsewhere to reduce dependence on U.S. technology so other countries may have greater say in their future society and economy.
Separately, a U.S. decision last month paused foreign access to two advanced models from San Francisco-based Anthropic has made technology independence a more urgent issue in Europe.
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