Samsung is in talks to join a new funding round for French artificial intelligence startup Mistral, according to the Financial Times. People familiar with the matter said the round could value Mistral at about €20 billion, with one source saying Samsung may invest roughly €1 billion. The report also said Samsung had already backed the company through its venture arm. The talks come as AI developers seek closer ties with semiconductor suppliers while demand for computing power continues to outstrip supply. Interest in alternatives to leading U.S. AI models has also been rising among companies and governments in Europe and Asia after the Trump administration last month barred foreign users from accessing Anthropic’s latest Mythos and Fable models. Since its founding, Mistral has focused on open-source AI models that let customers customize and control deployments, a structure the report said means no company or government can shut the models down.
Samsung is in talks to participate in a new funding round for artificial intelligence startup Mistral, the Financial Times reported, citing people familiar with the matter. The round could value the French company at about €20 billion.
One person familiar with the talks said Samsung had previously backed Mistral through its venture investment unit and may invest about €1 billion in the new round.
The discussions point to a broader push by AI developers to build partnerships with semiconductor suppliers as demand for computing power continues to run well ahead of available supply.
Interest in alternatives to leading U.S. AI models has also been climbing among companies and governments in Europe and Asia after the Trump administration last month blocked foreign users from accessing Anthropic’s latest Mythos and Fable models.
Since its founding, Mistral has focused on open-source AI models that allow customers to customize and retain control over deployments. The report said that structure means no company or government can shut those models down.
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