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France had no prior knowledge of Microsoft's Mistral AI deal, official says

Economic Times

Economic Times · 1y ago

France had no prior knowledge of Microsoft's Mistral AI deal, official says

France denies having prior knowledge of Microsoft's partnership with Mistral AI, refuting claims that French lobbying for looser European AI rules was on behalf of the tech giant. Microsoft recently announced a €15 million investment in Mistral, with plans to make its AI models available through Azure. A Microsoft spokesperson clarified that the investment would convert into equity in Mistral's next funding round. European lawmakers have raised concerns about Mistral's alleged lobbying activities and the extent of the French government's involvement. Mistral CEO Arthur Mensch reaffirmed the company's commitment to independence and its excitement about the partnership with Microsoft.

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.

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.

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.

Microsoft's Mistral AI deal should be further investigated, EU lawmaker says

Economic Times

Economic Times · 1y ago

Microsoft's Mistral AI deal should be further investigated, EU lawmaker says

Microsoft's partnership with Mistral AI, a French tech startup, has drawn attention from lawmakers overseeing the European Union's AI Act. Under the deal, Microsoft will offer Mistral's AI models on its Azure cloud computing platform. However, concerns have been raised about Mistral's lobbying efforts for more lenient rules in the AI Act, potentially undermining European companies' competitiveness against big tech. Lawmakers have stated that further investigation into this emerging issue is necessary to ensure the safety and integrity of general purpose AI models.

Microsoft made a $16 million investment in Mistral AI

TechCrunch · 1y ago

Microsoft made a $16 million investment in Mistral AI

Paris-based AI startup, Mistral AI, has announced the development of a large language model to compete with OpenAI's GPT-4. Alongside this announcement, the company also revealed a distribution partnership with Microsoft, who is investing €15 million ($16.3 million) in Mistral AI. The investment will convert into equity in Mistral's next funding round and Microsoft's stake in the startup will depend on the valuation of that round. Mistral AI's unveiling of Mistral Large, its flagship language model, is not open source and can be accessed via Mistral's API platform. Microsoft's investment is now under scrutiny by the European Commission.

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.

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.

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.

Microsoft partners with OpenAI-rival Mistral for AI models, drawing EU scrutiny

Arstechnica

Arstechnica · 1y ago

Microsoft partners with OpenAI-rival Mistral for AI models, drawing EU scrutiny

Microsoft's recent investment in French AI company Mistral, and plans to offer its AI models through Azure, have come under scrutiny from European Union regulators. Concerns have been raised regarding potential influences on AI regulations, lobbying efforts, and calls for a fair and competitive digital market. The controversy has highlighted the tension between Big Tech companies, the role of European champions in the tech industry, and the need for increased regulatory oversight in the rapidly evolving AI landscape. Additionally, Mistral announced the release of its new large language model, Mistral Large.

SoftBank explores investment in France's Mistral AI: report

Economic Times

Economic Times · 1y ago

SoftBank explores investment in France's Mistral AI: report

SoftBank Group of Japan is reportedly looking into investing in Mistral AI, a French company. Although the exact terms have not been discussed, the potential deal could value Mistral at over $2 billion.

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