Samsung Weighs Up to €1 Billion Mistral Investment
Founded in Paris in 2023, Mistral has emerged as one of Europe’s most prominent artificial intelligence startups, developing large language models as a regional alternative to US-led platforms such as OpenAI. Microsoft’s investment and partnership with the company, announced in February 2024, raised Mistral’s international profile and underscored Europe’s drive to build greater technological sovereignty in generative AI.
Samsung is in talks to invest as much as €1 billion in Mistral in a transaction that could value the French AI company at about €20 billion, according to recent reports. Discussions remain ongoing and the terms could still change. A deal would give Mistral additional capital to expand model development and computing capacity, while helping Samsung deepen its position in the global AI ecosystem beyond partnerships dominated by US technology groups.
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The history behind this eventMistral AI Visits South Korea for Samsung HBM and AI Chip Talks
Founded in 2023, Mistral AI is seen as one of Europe's leading challengers to OpenAI. Its large language model, Mistral Large, relies on high-performance computing chips. As demand for model training grows, securing supplies of key components such as NVIDIA GPUs and Samsung Electronics' high-bandwidth memory is critical to expanding its AI infrastructure and reducing supply-chain risks.
Chief Executive Arthur Mensch recently visited Samsung Electronics in South Korea to discuss the AI chip supply chain and potential cooperation on HBM and AI memory, seeking more stable semiconductor resources for Mistral Large. Mensch also said developing chips in-house was imperative, though Mistral still relies on NVIDIA for now. Reports did not disclose the exact date of the visit, procurement volumes or the value of any potential partnership.
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