"Samsung in Talks for Massive 1.7 Trillion Won Investment in France's Mistral AI"
Samsung Considers Joining 20 Billion Euro Funding Round, According to Foreign Media Reports
On July 22 (local time), major foreign media outlets reported, citing multiple sources, that Samsung is in discussions to invest several hundred million euros in Mistral AI, France's leading artificial intelligence (AI) startup.
Samsung Electronics Seocho Building, Seocho-dong, Seocho-gu, Seoul. Photo by Dongju Yoon
View original imageAccording to the sources, this negotiation is part of a new large-scale investment round in which Samsung is considering participating, as Mistral AI seeks to raise several billion euros at a targeted company valuation of 20 billion euros (approximately 34 trillion won).
It is reported that Samsung is seriously considering contributing up to around 1 billion euros (approximately 1.7 trillion won) through this new investment round.
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Previously, Mistral AI secured 1.7 billion euros in an investment round held several months ago. Most of that funding was provided by ASML, the Dutch global semiconductor equipment company, which aims to use Mistral’s AI models to enhance the production efficiency of advanced semiconductor manufacturing equipment.
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