According to sources with knowledge of the situation, ASML—a pivotal supplier of cutting-edge chip manufacturing equipment—will invest €1.3 billion (roughly $1.5 billion) in the €1.7 billion (about $2 billion) Series C funding round of the French artificial intelligence startup Mistral AI. This investment will make ASML the largest shareholder and potentially secure it a seat on the company's board. Prior to this funding round, Mistral AI was valued at €10 billion (approximately $11.7 billion), and with the infusion of capital, it is set to become the most highly valued AI enterprise in Europe.