The European-sovereignty angle is what makes Mistral&#x27;s strategy harder to read from the outside. If a meaningful share of revenue comes from EU government and defense contracts, the public benchmarks against OpenAI&#x2F;Anthropic stop being the right scoreboard — they&#x27;re optimizing for different procurement rules and a different definition of &quot;trustworthy.&quot; Curious if anyone has visibility into how those contracts are structured: per-seat, on-prem, or something closer to hosted with sovereign keys?

ASML is the flashy, public-facing partner. Mistral is also working with the French government and defense industry for applications that are unlikely to be publicly announced, but are bound to bring in much more money.

From the link:&quot;...a long-term collaboration agreement to explore the use of AI models across ASML’s product portfolio as well as research, development and operations...&quot;ASML is one of the clients Mistral keeps referencing, for example here: <a href="https:&#x2F;&#x2F;mistral.ai&#x2F;news&#x2F;forge" rel="nofollow">https:&#x2F;&#x2F;mistral.ai&#x2F;news&#x2F;forge</a> But it isn&#x27;t clear exactly what they&#x27;ve been doing together. The Forge page only mentions they &quot;train models on the proprietary data that powers their most complex systems and future-defining technologies.&quot;

ASML is one of the bigger investor of Mistral<a href="https:&#x2F;&#x2F;mistral.ai&#x2F;news&#x2F;mistral-ai-raises-1-7-b-to-accelerate-technological-progress-with-ai" rel="nofollow">https:&#x2F;&#x2F;mistral.ai&#x2F;news&#x2F;mistral-ai-raises-1-7-b-to-accelerat...</a>

ASML knows like no other the importance of doing research in secrecy.

the assertion is that the people at asml are likely in a good position to assess ai use in complex industry

It doesn’tASML’s EUV money printer has nothing to do with their ability to deploy that money in illiquid investments instead of to their own shareholdersASML buying equity in one company in tangentially related industry (just because they’re in Europe and the pickings are slim in both offerings and growth capital) has nothing to do with any synergy or integration with ASML’s utility (and bottleneck) to the chip supply chainremember when you were studying for standardized tests as a teenager? this is what the high scoring answer would be

can you explain how it makes it more credible? is the assertion that asml is using mistral as part of its research&#x2F;manufacturing?

Nice, also note that ASML is a big investor in Mistral AI, which made the industrial AI ambitions already more credible. <a href="https:&#x2F;&#x2F;www.asml.com&#x2F;en&#x2F;news&#x2F;press-releases&#x2F;2025&#x2F;asml-mistral-ai-enter-strategic-partnership" rel="nofollow">https:&#x2F;&#x2F;www.asml.com&#x2F;en&#x2F;news&#x2F;press-releases&#x2F;2025&#x2F;asml-mistra...</a>

That’s more realistic, I was going to say…

Abbreviated title leaves out key detail: &quot;Mistral AI Acquires Emmi AI to Create the Leading AI Stack for Industrial Engineering&quot;

I check almost every mistral model. But to be honest after agentic coding has become a thing, I only test their models in a chat app. I tried their coding TUI a few months back and found that it was way behind. It didn&#x27;t even support skills back then. I wish they go strong just because they are a big AI player in Europe and I have personal connection to France.

I wonder if they could’ve caught up to Qwen &amp; Gemma by now by now distilling them?If their best cloud-run offering is far more intelligent than the laptop Gemma &#x2F; Qwen than nevermind

mistral was never competitive and is getting less so, but that doesn&#x27;t matter they cant be allowed to fail and have a long time to find their lane. They&#x27;re smart and have an audience of like 600m people and the largest governments by spending who would use them if they were good enough.

No they really don&#x27;t because Grok is not a competitor. The big 3 are the big 3 because they have historically traded the top place for model intelligence. Grok has never crested that high. People like to think Grok isnt as popular because of elon and politics, but if Grok was the best coding model, nobody would give a fuck. Google has also not led since gemini 2.5 pro. It&#x27;s really the big 2 at this point.

How much on Kalshi to bet that xAI screws over the Cursor folks out of their $10B&#x2F;60B deal through some loophole?Only desperate people would go work for Elon at this point.

&gt; Big 3This is why Elon’s appealing. I thought they surely had the talent to be considered a fourth at this point. (Oh someone mentioned they’re politically unpopular at work.)Mistral is super welcome competition, good luck!

Competitive in what sense? In training LLMs? Then they would be below Korea then UAE models.

Not really. They have usable models, but it probably Anthropic, OpenAI, Google -&gt; Chinese labs -&gt; NVIDIA, AllenAI, Mistral.

Is Mistral still competitive? I completely forgot they existed because of how much press the Big 3 get (Google, Anthropic and OpenAI).

Built what you want to use yourself. AI for engineering and physics sounds like the perfect product a company like ASML (Mistral investor) could use.

They built a transformer-based mold flow simulator. Mold flow analysis is used in injection molding to predict whether and how the plastic will fill a cavity. It&#x27;s helpful to make sure the mold will actually be able to fill, and to try to engineer lighter weight or different geometry.Mold flow simulators already exist, but they&#x27;re slow. So if you&#x27;re a mold engineer, and you want to try different material properties, each run takes time.By making this into a transformer (no idea what that model looks like) it can run pretty fast, because it&#x27;s not mathematically solving it, it&#x27;s running a learned function approximator. So for the mold engineer, suddenly they can just change values around and get pretty fast analysis.They appear to not be selling it as a product per se, but partnered with a German company called Simcon to sell it, whose website lists it as a preview, so it&#x27;s unclear how good it is compared to conventional simulations.

They seem to be doing let&#x27;s say case studies on how AI based simulations can help industry.They did injection molding for example, and I&#x27;m sure they&#x27;re testing similar approach to everything which can be modeled by PDEs, which is well pretty much everything ever of engineering interest (I&#x27;m assuming this is somehow connected to a research project funded by Engel, one of the leading injection molding machine companies, located in the same Region): <a href="https:&#x2F;&#x2F;www.emmi.ai&#x2F;models&#x2F;neuralmould" rel="nofollow">https:&#x2F;&#x2F;www.emmi.ai&#x2F;models&#x2F;neuralmould</a>

&quot;Early 2025: First enterprise contracts secured&quot;
&quot;Today: Powering Fortune 500 engineering teams&quot;
- I guess that is all that is publicly available for now.

I assume it&#x27;s more a talent acquisition as the company only exists for 18 months or so and you can&#x27;t acquire enterprise customers that quickly, not even as an AI vendor.

I was skeptical when I saw the headline. And I still am. But AI for manufacturing and industry seems like a good way to differentiate and focus on a vertical that others are ignoring.What I am curious about is what has Emmi actually built? Who uses it? I was hoping to see something like a demo on the website but couldn’t find anything concrete.

The reason we have so much M&amp;A is that large companies can’t really innovate, especially when they’re publicly traded and have shareholders who hate risk-taking

I&#x27;m glad Mistral is doing well, but...I am so tired of M&amp;A. Buy instead of competing or - heaven forfend - cooperating.

Thta&#x27;s amazing, Mistral is winning silently lol

Indeed, French labor laws and their downstream effects have pushed the most talented French researchers to US-based frontier labs, thus building one of the most competent cohorts of international AI scientists.

Its not ridiculous but accurate. You right the scientist generation is huge from europe but many leave europe… Brain drain in france is huge nowadays because of what op states.And if you look at mistral biggest customers it would be lying not to say they are done through political ties. No shame in saying that. US gov and agencies created FAANG through those same mecanism

This comment is ridiculous. France&#x27;s economy is bigger than 90 % of &quot;unregulated&quot; countries.European regulations help protect from USA&#x27;s tech monopolies. French labor laws and social security and state-funded scientific schools helped build one of the most competent international AI scientist generation.All of europe got crushed by the US on the domain of internet. &quot;Regulated&quot; or not.

Their Voxtral[1] speech models are really good.[1] <a href="https:&#x2F;&#x2F;mistral.ai&#x2F;news&#x2F;voxtral" rel="nofollow">https:&#x2F;&#x2F;mistral.ai&#x2F;news&#x2F;voxtral</a>

We are using it for &quot;old-fashioned&quot; use cases (sentiment, classification) for some clients here in Europe. Mistral Small 3.2 8bit is good enough for most well-defined cases.It may just be greenwashing to check “AI sovereignty” off the list.

I have yet to see someone recommending Mistral for anything tbh.

It’s interesting that a French company can compete at international level to some extent, given the regulations, labor laws and generally the business unfriendly environment. I suspect they capitalize on the preference of European governments to use EU products, but might be wrong.

Mistral AI acquires Emmi AI