2024-02-27 21:05:00
Microsoft announced a new multi-year partnership with Mistral, a French AI startup valued at €2 billion, something around R$11 billion.
The partnership will see Microsoft acquiring a minority stake in the ten-month-old AI company. The deal will see Mistral’s open, commercial language models available on Microsoft’s AI platform, Azure AI, becoming the second company to offer a commercial language model on Azure following OpenAI.
A Mistral today announced a new AI model called Mistral Large, designed to compete more closely with OpenAI’s GPT-4 model. Unlike some previous Mistral models, it will not be open source. Mistral Large is available on its own infrastructure, hosted in Europe, or through Azure AI Studio and Azure Machine Learning. Additionally, Mistral is launching a new conversational chatbot, Le Chat, based on several Mistral AI models.
Although details of the investment were not disclosed, the partnership allows the French company to explore more commercial opportunities, moving away from its history of open source models.
This investment from Microsoft comes following a turbulent period for its leading AI partner, OpenAI, which has recently seen leadership changes.
Despite this, Microsoft managed to secure a non-voting observer seat on the non-profit board that controls OpenAI, giving it more visibility into OpenAI’s inner workings, albeit without voting power on major decisions.
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