Samsung in talks to invest up to 1 bln euros in French AI startup Mistral
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Samsung is in talks to invest up to one billion euros in French AI startup Mistral, which would value the company at around 20 billion euros, according to the Financial Times. The investment would deepen Samsung's presence in the AI industry, where it is already a major memory chip maker and in talks with Anthropic about a custom AI chip.
The Investment Round
Samsung is in talks to invest up to one billion euros in Mistral, which would push the startup's valuation to around 20 billion euros, up from 12 billion euros less than a year ago. Swedish investor EQT is reportedly also participating in the new round. Samsung already invested in Mistral through its venture arm in 2024.
Mistral's Growth Trajectory
Mistral CEO Arthur Mensch said in a February interview that he expects annual revenue to top one billion dollars by year's end. The company recently expanded its partnership with Microsoft, with the US company committing billions of dollars to Mistral's compute infrastructure. Mistral is scaling up its GPU capacity with thousands of Nvidia Vera Rubin chips and making its models available through Microsoft's Azure cloud, including in air-gapped environments for regulated industries.
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