ASML (ASML) and France-based Mistral AI announced a strategic partnership based on a long-term collaboration agreement to explore the use of AI models across ASML’s product portfolio as well as research, development and operations, to benefit ASML customers with faster time to market and higher performance holistic lithography systems. In addition, ASML is investing EUR 1.3B in Mistral AI’s Series C funding round as lead investor, in order to support its development and reinforce the long-term partnership benefits. This results in ASML holding an approximately 11% share on a fully diluted basis in Mistral AI. ASML will gain a seat on the strategic committee of Mistral AI as part of its investment, offering ASML an advisory role in Mistral AI’s future strategy and technology decisions. ASML CFO Roger Dassen will assume this role, in addition to his existing responsibilities.
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