Latest AI News

Mistral AI has secured €1.7 billion in Series C funding, reaching an €11.7 billion valuation. Dutch semiconductor company ASML led the round with a €1.3 billion investment, becoming Mistral's largest shareholder with an 11% stake. The companies have formed a strategic partnership where ASML will use Mistral's AI models across its product portfolio, aiming to accelerate semiconductor manufacturing innovation. The collaboration is expected to benefit ASML customers through faster development cycles and improved lithography systems. This alliance represents a significant step in strengthening European technology leadership and advancing AI-enabled semiconductor solutions.

ASML Holding NV has acquired an 11% stake in Mistral AI through a €1.3 billion investment as part of a €1.7 billion Series C funding round. This strategic partnership aims to accelerate AI integration into ASML's products and operations while strengthening Europe's technological sovereignty. The collaboration includes joint research initiatives, ASML gaining board representation, and focuses on developing decentralized AI solutions for industrial applications. Other investors include DST Global, Andreessen Horowitz, and NVIDIA, with Mistral AI's valuation now approaching €11.7 billion.

EcoDataCenter secured €600 million in funding led by owner Areim to expand its Falun data center with 24 MW of additional capacity by 2025. This expansion targets growing AI computing demands while maintaining the company's commitment to sustainability through 100% renewable electricity and heat reuse systems. The company recently partnered with CoreWeave to build one of Europe's largest AI clusters, serving clients like BMW and DeepL.

Databricks secured $1 billion in Series K funding, reaching a $100 billion valuation. The company exceeded $4 billion in annual revenue run-rate with 50% year-over-year growth. Its AI products generate over $1 billion in revenue, with 650+ customers spending $1M+ annually. The funding will expand Databricks' AI capabilities, particularly Agent Bricks and Lakebase, amid strong investor confidence.