"Microsoft's $16 Million Investment in Mistral AI: Challenging Silicon Valley's Giants"

Microsoft has made a €15 million investment in Mistral AI, a Paris-based AI startup, as part of a distribution partnership deal for Azure. The investment will convert into equity in Mistral’s next funding round, potentially giving Microsoft less than 1% equity in the company. Mistral AI also unveiled its flagship large language model, Mistral Large, which will not be open source. The investment has drawn the attention of the European Commission, which will analyze the deal as part of its ongoing scrutiny of large tech companies and generative AI companies.