ASML says it will take 11% stake in Mistral AI

ASML will invest 1.3 billion euros ($1.5 billion) in French artificial intelligence startup Mistral AI, becoming its main shareholder with a stake of about 11%, the Dutch chip equipment maker said on Tuesday, confirming a Reuters report from Sunday. The company will also partner with Mistral AI to use AI models across its product portfolio and gain a seat on Mistral’s strategic committee, it said in a statement. ($1 = 0.8495 euros)

🇮🇹 Italy Boosts AI Collaboration with South Korea

Italy’s Vice Minister Valentino Valentini emphasizes the need for enhanced technological cooperation with South Korea in AI and applied sciences, focusing on innovation and development. This partnership aims to leverage advancements in AI technologies to strengthen economic ties and research capabilities between the two nations.

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🤖 KKR Appoints Adam Selipsky as AI Strategy Advisor

KKR has appointed former AWS CEO Adam Selipsky as its Senior Technology and AI Strategy Advisor. His expertise will guide KKR’s AI initiatives, emphasizing advancements in technology investment strategies. This appointment signals an important shift towards incorporating AI in private equity strategies and could impact future tech investments.

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