Tech News Roundup: ASML's €1.3B Mistral AI Stake, FDA Clears Robotic Surgery System, Azure Latency Issues
ASML Invests €1.3B to Become Top Shareholder in Mistral AI Dutch semiconductor giant ASML is poised to become the largest shareholder in French AI startup Mistral AI following a landmark investment. ASML is leading a Series C funding round with a €1.3 billion investment, part of a larger €1.7 billion round. This significant funding values Mistral AI between €10 billion and €14 billion, positioning it as one of Europe’s most valuable AI companies. The move is a strategic effort to bolster Europe’s competitiveness in the global AI landscape, currently dominated by US and Chinese firms. ASML’s investment will likely secure it a seat on Mistral AI’s board. Founded in 2023 by former researchers from Google’s DeepMind and Meta, Mistral AI has rapidly gained prominence for its open-weight large language models. ...