Post

Samsung Invests in Mistral AI as Korea-France Sign 16 Agreements on September 8



South Korea and France signed 16 cooperation documents on September 8 during South Korean President Lee Jae Myung's visit to France for a summit with President Emmanuel Macron. Among the key agreements was an investment pact between Samsung Electronics and French AI startup Mistral AI. Samsung will become a "strategic investor" in Mistral AI, leading the company's Series D funding round of 3 billion euros (approximately $3.5 billion), with Mistral's post-money valuation reaching over 21 billion euros. The agreement also calls for cooperation in developing an exclusive AI model for Samsung that could protect its semiconductor information. The South Korean presidential office said the deal is expected to help advance bilateral cooperation on cutting-edge technology beyond the company level to the state level. Two other MOUs were signed: one on joint research and development projects between South Korean and French companies in the AI, semiconductor and quantum technology sectors, and another for enhanced cooperation in industrial policies and trade. Samsung Electronics edged down 0.18% on the session.
#BidenSonLaunchesLAPTOPMemeCoinSparkingControversy
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.


Add a comment
Add a comment

Comment
AverageBinder
10 minutes ago
In a $3.5B funding round, Mistral raised money faster than it trained models😂
0View Original
CycleWatchtower
11 minutes ago
Of the 16 agreements between South Korea and France, this one is the most substantial, jumping from the corporate level to the national level and carrying the feel of a technological alliance.
0View Original
ThreeRedSoldiers
11 minutes ago
A specialized model for semiconductor data security—this demand is all too real, and everyone is working on private deployments.
0View Original
SoulboundGuard
11 minutes ago
21B valuation, Series D—AI bubble or real value?
0View Original
TechBookReader
11 minutes ago
First Review
Samsung’s bet on Mistral is quite interesting—a European homegrown foundation model paired with a Korean chip giant, with some shrewd geopolitical calculations behind it.
0View Original