Samsung is in talks to invest €1 billion in Mistral, with the company’s valuation potentially reaching €20 billion.

Huo Xing Finance reports that on July 22, according to the Financial Times, sources familiar with the matter revealed that Samsung is in talks to participate in a new funding round for AI startup Mistral, which could value the company at approximately €20 billion. This move would position the French firm as a major alternative to U.S. tech giants. One source indicated that Samsung previously supported the company through its venture capital arm and may invest around €1 billion in this new round. The discussions reflect a broader trend among AI developers seeking partnerships with semiconductor suppliers to address the severe imbalance between demand and supply of computing power in the industry. Following the Trump administration’s recent ban on foreign access to Anthropic’s latest Mythos and Fable models, interest from European and Asian enterprises and governments in alternatives to leading U.S. AI models has been growing. Since its founding, Mistral has focused on developing open-source AI models that allow customers to customize and control them, meaning no company or government can shut down these models.