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Microsoft partners with Mistral in second AI deal beyond OpenAI

The Verge

The Verge · 1y ago

Microsoft partners with Mistral in second AI deal beyond OpenAI

Microsoft has entered into a multiyear partnership with Mistral, a French AI startup valued at €2 billion. As part of the deal, Microsoft will acquire a minor stake in Mistral and make its open and commercial language models available on Microsoft's Azure AI platform. Mistral has also launched a new AI model called Mistral Large, which will compete with OpenAI's GPT-4 model. The partnership allows Mistral to explore commercial opportunities and expand its offerings. The financial details of the partnership have not been disclosed.

Related News

Microsoft’s Mistral deal beefs up Azure without spurning OpenAI

The Verge

The Verge · 1y ago

Microsoft’s Mistral deal beefs up Azure without spurning OpenAI

Microsoft has invested €15 million ($16 million) in French AI company Mistral and will bring its newest AI model, Mistral Large, to Azure as part of a multiyear deal. The investment allows Microsoft to build Azure as a model garden and establish a presence in the European AI space. Mistral, a developer of open-source AI models, is popular among developers and will provide Microsoft with a range of choices to offer customers. The deal does not pit Mistral against Microsoft's first AI child, OpenAI, which remains the preferred option for powering Microsoft's flagship AI product, Copilot.

Meet the French startup hoping to take on OpenAI

Livemint

Livemint · 1y ago

Meet the French startup hoping to take on OpenAI

French startup Mistral is challenging the dominance of OpenAI, the creator of ChatGPT, with its own language model called Mistral-Large. Despite being smaller in terms of parameters used, Mistral-Large performs almost on par with OpenAI's GPT-4. Mistral has secured significant funding, including a deal with Microsoft to make its models available on Azure cloud. The company's success is attributed to its talent pool, expertise in data curation, and political connections, as well as its focus on providing more control to customers and avoiding reliance on American tech platforms. The future of open-source models in the AI industry remains uncertain, pending the release of OpenAI's GPT-5.

Microsoft partners with OpenAI's French rival Mistral

Economic Times

Economic Times · 1y ago

Microsoft partners with OpenAI's French rival Mistral

Microsoft and French startup Mistral AI have entered into a partnership to make Mistral AI's AI models available on Microsoft's Azure cloud platform. The deal signifies Microsoft's efforts to expand its offerings in the AI space and attract more customers to Azure. As part of the collaboration, Microsoft will also take a minority stake in Mistral AI. Mistral AI, based in Paris, focuses on developing open source and proprietary large language models (LLMs) similar to OpenAI's ChatGPT. Azure customers will have access to Mistral's AI models, with plans to expand to other cloud platforms in the future.

French startup Mistral AI vows to maintain open source

Economic Times

Economic Times · 1y ago

French startup Mistral AI vows to maintain open source

French AI startup Mistral AI has pledged to maintain open-source coding principles as it enters into a partnership with Microsoft to sell its software. The move comes amidst Elon Musk's lawsuit against OpenAI, alleging the company violated its non-profit mission. Mistral AI's head of public affairs emphasized the importance of open-source in building a European AI ecosystem. Although Mistral AI is selling its software through Microsoft, the company remains committed to open source and aims to use commercial activity to fund further research and development.

OpenAI in talks with Microsoft for new funding, future IPO: FT report

Economic Times

Economic Times · 2m ago

OpenAI in talks with Microsoft for new funding, future IPO: FT report

OpenAI is in renegotiations with Microsoft regarding a multibillion-dollar deal to allow OpenAI, the maker of ChatGPT, an IPO in the future, while ensuring Microsoft retains access to advanced AI models. Microsoft, OpenAI’s largest backer with over $13 billion invested, plays a crucial role in OpenAI's shift from a non-profit to a for-profit entity. The renegotiations involve potential equity changes and access to OpenAI's technology beyond 2030.

The 9-month-old AI startup challenging Silicon Valley’s giants

Livemint

Livemint · 1y ago

The 9-month-old AI startup challenging Silicon Valley’s giants

Arthur Mensch, the co-founder and CEO of Mistral AI, is challenging the idea that the winners in the AI race will come from US tech giants. His startup, valued at over $2 billion, aims to outmaneuver Silicon Valley titans by finding more efficient ways to build and deploy AI systems. Mistral plans to release a new AI model called Mistral Large, which costs less than $22 million to train, compared to the millions spent by companies like OpenAI. Mistral has attracted interest from corporate clients, including Microsoft, and has partnerships with companies like Salesforce and Nvidia.

Microsoft-Backed Mistral AI Launches Magistral Medium Model, Plans $1 Billion Fundraise and Nears €6 Billion Valuation | DeepNewz France

Business Bytes

Business Bytes · 1m ago

Microsoft-Backed Mistral AI Launches Magistral Medium Model, Plans $1 Billion Fundraise and Nears €6 Billion Valuation | DeepNewz France

Mistral, a France-based AI company backed by Microsoft, has launched its first reasoning model, Magistral, which is designed to compete with AI models from OpenAI and China’s DeepSeek. This model is noted for its capability to reason in multiple languages, highlighting its competitive edge in the field of AI language models. Mistral aims to attract significant investments, targeting a funding goal of one billion euros to further develop its groundbreaking AI technology.

What is Mistral AI? Everything to know about the OpenAI competitor | TechCrunch

TechCrunch · 1m ago

What is Mistral AI? Everything to know about the OpenAI competitor | TechCrunch

Mistral AI, a French AI startup, aims to challenge OpenAI with its assistant Le Chat and a series of foundational models. Valued at $6 billion, it has gained popularity, especially following Le Chat’s successful launch on mobile platforms. The company focuses on openness and has forged strategic partnerships, including deals with Microsoft and the French army. Despite significant funding, Mistral AI's revenue remains in the eight-digit range, with plans for an eventual IPO.

ETtech Explainer: All you need to know about OpenAI’s rival Mistral AI

Economic Times

Economic Times · 1y ago

ETtech Explainer: All you need to know about OpenAI’s rival Mistral AI

Microsoft has partnered with French AI startup Mistral AI, allowing Mistral's AI models to run on Microsoft's Azure cloud platform. Microsoft will acquire a minority stake in Mistral AI. Mistral AI's latest model, Mistral Large, will be made available to Azure customers. The company has previously signed similar deals with Google and Amazon to distribute its models. Mistral AI's Mixtral 8x7B model claims to outperform competitors on performance benchmarks while using a cost-efficient methodology. Mistral AI recently raised $415 million in a funding round, bringing its valuation to around €2 billion. The startup is led by CEO Arthur Mensch and co-founders Guillaume Lample and Timothee Lacroix.

Who is Mustafa Suleyman, the new AI chief at Microsoft?

Economic Times

Economic Times · 1y ago

Who is Mustafa Suleyman, the new AI chief at Microsoft?

Microsoft has hired Mustafa Suleyman, co-founder of Google's DeepMind and Inflection AI, to lead its consumer AI business. Suleyman will oversee the expansion of consumer AI products and research at Microsoft, including Copilot, Bing, and Edge. He brings extensive experience in the AI industry, having co-founded DeepMind, which was acquired by Google in 2014. Prior to joining Microsoft, Suleyman co-founded Inflection AI, a startup focused on building a personal AI assistant. Microsoft's move further solidifies its position in the competitive AI market, following its investments in OpenAI and partnership with Mistral AI.

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