"...a long-term collaboration agreement to explore the use of AI models across ASML’s product portfolio as well as research, development and operations..."

ASML is one of the clients Mistral keeps referencing, for example here: https://mistral.ai/news/forge But it isn't clear exactly what they've been doing together. The Forge page only mentions they "train models on the proprietary data that powers their most complex systems and future-defining technologies."

https://mistral.ai/news/mistral-ai-raises-1-7-b-to-accelerat...

ASML’s EUV money printer has nothing to do with their ability to deploy that money in illiquid investments instead of to their own shareholders

ASML 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 chain

remember when you were studying for standardized tests as a teenager? this is what the high scoring answer would be