Mistral AI unveils Mistral Large, a potential competitor to OpenAI's GPT-4.
Microsoft invests $16M in Mistral AI as part of a strategic partnership.
The investment will convert to equity in Mistral's next funding round.
Mistral AI's valuation remains unchanged at $2 billion post-investment.
Microsoft's equity stake depends on Mistral AI's next funding round valuation.
Mistral Large, unlike previous releases, is not open source; accessed via Mistral's API.
Azure and Mistral AI sign a distribution deal, expanding the AI company's reach.
Microsoft becomes an investor in both OpenAI and Mistral AI.
EU scrutinizes Microsoft's relationships with OpenAI and Mistral AI.
Mistral AI, with closed-source strategy, resembles American competitors.
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