ASML's $2B Bet on Mistral AI, OpenAI's $115B Chip Ambition, and Meta's $26B Data Center - Daily AI Brief #277
September 08, 2025 -
Daily AI Brief
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ASML has led a $2 billion funding round for Mistral AI, marking a significant investment in AI technology. Meanwhile, OpenAI has partnered with Broadcom to develop AI chips, projecting a $115 billion cash burn through 2029. In other developments, Meta has secured $26 billion for an AI data center in Louisiana.
In other news, Yotta Labs and Walrus are collaborating on AI storage solutions, and Fable plans to use AI to recover lost footage of 'The Magnificent Ambersons'. Nvidia has critiqued the Gain AI Act, claiming it stifles competition, while Lotte and Naver have partnered to enhance AI-driven retail experiences.
Welcome to today's AI Brief.
ASML has led a $2 billion funding round for Mistral AI, marking a significant investment in AI technology. Meanwhile, OpenAI has partnered with Broadcom to develop AI chips, projecting a $115 billion cash burn through 2029. In other developments, Meta has secured $26 billion for an AI data center in Louisiana.
In other news, Yotta Labs and Walrus are collaborating on AI storage solutions, and Fable plans to use AI to recover lost footage of 'The Magnificent Ambersons'. Nvidia has critiqued the Gain AI Act, claiming it stifles competition, while Lotte and Naver have partnered to enhance AI-driven retail experiences.
ASML Leads $2 Billion Funding in Mistral AI
The Dutch company ASML has invested $1.5 billion in the French AI startup Mistral AI, leading a $2 billion Series C funding round. This positions Mistral AI as the most valuable AI company in Europe. Read more
OpenAI Partners with Broadcom for AI Chip Development
OpenAI plans to invest $10 billion in collaboration with Broadcom to develop custom AI chips, aiming to lessen dependence on Nvidia. The chips are anticipated to be ready next year for internal AI model operations. Read more
OpenAI Forecasts $115 Billion Cash Burn by 2029
OpenAI has projected a $115 billion cash burn through 2029 due to rising costs, while expecting a 15% revenue increase by 2030. The company is considering developing its own data centers to manage expenses. Read more
Meta Secures $26 Billion for AI Data Centre in Louisiana
Meta Platforms has obtained $26 billion in debt financing to build a new AI data centre in Louisiana, featuring special investor guarantees to mitigate potential losses. Read more
Other news
Yotta Labs has partnered with Walrus to offer decentralized AI storage solutions, enhancing security with Mysten Labs' services. Meanwhile, Fable is using AI to recreate missing footage from Orson Welles' 'The Magnificent Ambersons', led by filmmaker Brian Rose. These developments highlight the diverse applications of AI in storage and film restoration.
- Yotta Labs and Walrus Collaborate on AI Storage
- Fable to Use AI for Lost Footage of 'The Magnificent Ambersons'
- Nvidia Critiques Gain AI Act for Stifling Competition
- Lotte and Naver Partner for AI-Driven Retail Transformation
- xAI Opens Seattle Engineering Hub with High Salaries
- Baseten Raises $150 Million to Enhance AI Platform
- Financial Times CEO Discusses Google's AI Impact on News
- Army Awards $200M Contract to Rivet for AI Soldier Glasses
- Ronovo Surgical Secures $67M and Partners with Johnson & Johnson
- Sierra Secures $350 Million for AI Chatbot Expansion
- Alibaba Unveils Qwen3-Max-Preview AI Model
- Koah Secures $5 Million for AI Advertising Integration
- SK Telecom Partners with TimeTree for AI Integration
- OpenAI Backs AI-Generated Film 'Critterz'
- Alibaba Cloud Invests $100 Million in X Square Robot
- Klue Acquires Ignition to Boost AI
- Netherlands FIOD Develops AI Chatbot for Investigations
- Tilde AI Launches Open-Source Language Model for European Languages
- Fujitsu Develops AI Reconstruction Technology
- Kore.ai Recognized as Leader in 2025 Gartner Magic Quadrant
- Protecht Unveils Cognita AI for GRC
- Omada's AI Threat Model for Healthcare Data Security
- EC-Council Invests Over $20 Million in FireCompass
- South Korea Boosts AI Budget by 8% for 2026
- Amazon Music Introduces 'Weekly Vibe' AI Playlists
- Semtech Launches New TIAs for AI Data Centers
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