The U.K.’s Competition and Markets Authority (CMA) is launching preliminary enquiries into whether the close-knit tie-ups and hiring practices involving Microsoft, Amazon and a trio of AI startups falls within the scope of its merger rules — and whether the arrangements could impact competition in the U.K. market. The announcement comes amid growing scrutiny of […]
Microsoft made a $16 million investment in Mistral AI
Yesterday, Mistral AI, a Paris-based AI startup working on foundational models, announced a new large language model that could rival OpenAI’s GPT-4, a chat assistant and a distribution partnership with Microsoft yesterday. But Microsoft and Mistral AI buried the news — or at least an important part. As part of the partnership, Microsoft is investing €15 […]
Mistral AI releases new model to rival GPT-4 and its own chat assistant
Paris-based AI startup Mistral AI is gradually building an alternative to OpenAI and Anthropic as its latest announcement shows. The company is launching a new flagship large language model called Mistral Large. It is designed to rival other top-tier models when it comes to reasoning capabilities, such as GPT-4 and Claude 2. In addition to […]
TikTok loves ecommerce and VCs think Mistral AI will be fine (potential EU regulatory overhang or not)
Listen here or wherever you get your podcasts. Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Our Monday show covers the latest in tech news from the weekend and what’s making headlines early in the week. Alex is a little bit sick […]
Mistral AI, a Paris-based OpenAI rival, closed its $415 million funding round
French startup Mistral AI has officially closed its much anticipated Series A funding round. The company has raised €385 million, or $ 415 million at today’s exchange rate — according to Bloomberg, it values the company at roughly $ 2 billion. Mistral AI is also opening up its commercial platform today. As a reminder, Mistral […]