Dutch chip-gear maker ASML's $1.5 billion investment in French artificial intelligence firm Mistral has given a shot in the arm to Europe's AI ambitions and hopes for more regional tech sovereignty against the dominance of U.

ASML, a leading Dutch chipmaking equipment maker, is investing 1.3 billion euros ($1.5 billion) into French AI startup Mistral AI

ASML Holding NV is investing €1.3 billion ($1.5 billion) in France’s Mistral AI, an unusual move for the Dutch chipmaking equipment company that shores up Europe’s most important artificial intelligence startup.