Samsung is in talks to take part in a new funding round for French artificial intelligence startup Mistral, according to ChainCatcher, citing people familiar with the matter. The round could value Mistral at about €20 billion. One of the people said Samsung, which has previously backed the company through its venture arm, may invest around €1 billion in the new raise. The discussions point to a broader push by AI developers to build ties with semiconductor suppliers as demand for computing power continues to outstrip supply across the sector. The report also said interest from companies and governments in Europe and Asia has been rising for alternatives to leading U.S. AI models 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.
Samsung is in talks to participate in a new funding round for artificial intelligence startup Mistral, according to ChainCatcher, which cited people familiar with the matter. The financing could value Mistral at about €20 billion.
Mistral is a French company. The report said the round would help position it as a major alternative to U.S. tech giants.
One person familiar with the matter said Samsung has already backed Mistral through its venture investment arm and may put about €1 billion into the new round.
The talks also reflect a wider trend in which AI developers are seeking partnerships with semiconductor suppliers as demand for computing power far exceeds supply across the industry.
ChainCatcher added that interest among companies and governments in Europe and Asia has been increasing for alternatives to leading U.S. AI models after the Trump administration last month banned foreign users from accessing Anthropic’s latest Mythos and Fable models.
Since its founding, Mistral has focused on developing open-source AI models that allow customers to customize and control them. The report said that means no company or government can shut those models down.
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