Microsoft has announced a multi-year collaboration with Mistral, a French AI startup, that has recently unveiled the Mistral Large model supporting European languages, with the ability to run on Azure.
The official partnership was disclosed, but Financial Times reported Microsoft agreeing to a small equity investment in Mistral, a company valued at around 2.1 billion dollars (2 billion euros) in its latest venture. This is intriguing as Microsoft previously invested over 10 billion dollars in OpenAI.
Brad Smith, President of Microsoft, mentioned that the company cannot afford to lose out in the AI competition, highlighting the need for industry-wide transformation, especially in supporting open-source projects. This investment in Mistral is part of a collaborative effort to drive fundamental change.
TLDR: Microsoft partners with Mistral for AI development, making a strategic investment to stay competitive in the evolving landscape.
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