French AI startup Mistral AI seeks to raise $5B, partners with Microsoft via Azure, and faces EU scrutiny.
French AI startup Mistral AI aims to raise $5B at a new funding round, following its $415M Series A in Dec. The company, which recently began generating revenue, partners with Microsoft to make its AI models available on Azure. The EU is scrutinizing this partnership as part of its examination of agreements between large digital market players and generative AI developers. Mistral's valuation in Dec was €2B.
April 17, 2024
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