EU’s Vestager meets French tech firm Mistral AI amid competition concerns

BRUSSELS : European Union antitrust chief Margrethe Vestager, who has been having a explore into Big Tech’s partnerships with AI originate-ups, met on Friday fleet-increasing French originate-up firm Mistral AI and acknowledged the field wants more competition.

In February, Microsoft invested $16 million in Mistral AI and partnered with them to construct its artificial intelligence units accessible via its Azure platform. It has also invested in ChatGPT proprietor OpenAI.

Numerous excessive-profile AI partnerships consist of Amazon and Google’s investments in Anthropic, triggering regulatory concerns that tech giants might perchance well well as soon as again dominate on this setting up topic as they occupy in other more used areas.

“If we act early on, we are succesful of preserve away from that the #AI market will get dominated by just a few gargantuan gamers, fancy we seen taking place with #digital #platforms. We desire vivid #competition in AI, now,” Vestager wrote on her X story.

“Staunch assembly with @MistralAI on the present time,” added Vestager, who posted a portray of herself with Mistral AI executive Arthur Mensch.

Earlier this month, e-newsletter The Data reported Mistral AI had been talking to merchants about raising several hundred million greenbacks which would give it an overall $5 billion valuation.

A fund-raising spherical in December gave Mistral AI a 2 billion euros ($2.1 billion) valuation.

($1 = 0.9350 euros)