Citing sources familiar with the matter, media outlets reported that ASML will become the largest shareholder in French artificial intelligence startup Mistral AI. ASML will contribute €1.3 billion (approximately $1.5 billion) to Mistral's total €1.7 billion (approximately $2 billion) funding round and is expected to acquire a seat on the company's board of directors. This round of financing will make Mistral the most valuable AI company in Europe, with its latest Series C pre-money valuation reaching €10 billion (approximately $11.7 billion).