MISTRAL AI
Hyperscalers host EkStep digital public goods, build AI bot
Tech giants Amazon Web Services (AWS) and Google Cloud are providing cloud storage and services to make the digital public goods (DPGs) created by non-profit EkStep Foundation available online. They are also collaborating to develop an AI-based virtual assistant for the foundation.
Ilya Sutskever’s new startup is the latest of many AI ventures coming out of Big Tech
Ilya Sutskever left OpenAI last month and is launching his own startup soon. This is the latest in a larger trend of professionals leaving tech titans to establish their own startups, pursue their own goals and avoid commercialisation of products.
Amazon pledges $230 million to boost generative AI startups
The initiative will offer early stage companies AWS cloud computing credits, mentorship, and education to enhance their use of AI and machine learning technologies, according to the company. Participating startups will gain access to AWS computing, storage, database, and custom AI chip services through these credits.
Meta hit with privacy complaints over AI plans
A Vienna-based privacy group filed complaints against Meta in 11 European countries over unlawful AI data use. Microsoft announced a $3.2 billion AI investment in Sweden over two years, AMD unveiled new AI chips to challenge Nvidia, and Cisco plans a $1 billion investment in AI startups for secure AI services.
Banks say growing reliance on Big Tech for AI carries new risks
European banking executives express concerns about banks' increasing dependence on big U.S. tech firms due to the boom in artificial intelligence, driven by the popularity of AI applications like OpenAI's ChatGPT for fraud detection and money-laundering.
Cisco launches $1 billion AI fund and makes first investments
Cisco through its investment arm, is investing in Cohere, Mistral AI and Scale AI, among others, and has already committed nearly $200 million of the fund.
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Eye on AI: Tech giants form industry group, Apple-OpenAI deal and other top developments
Google, Microsoft, Intel and other tech companies have come together to take on chipmaking giant Nvidia. Apple partners with OpenAI. The ChatGPT maker is training its new flagship model to succeed GPT-4. Google is putting limits on AI search experience. French unicorn startup Mistral releases generative AI model for coding.
How AI made Mark Zuckerberg popular again in Silicon Valley
Meta's CEO, Mark Zuckerberg, introduced an open-source AI system, challenging closed models like OpenAI. Jeffrey Emanuel, a hacker and AI enthusiast, initially skeptical, was impressed by Meta's move to make the code freely accessible.
India needs open-source AI models for cultural and linguistic representation: IBM
This comment comes as IBM on Tuesday open-sourced a group of its most advanced and performant language and code Granite large language models.
UK's competition watchdog rejects probe into Microsoft-Mistral AI tie-up
In February, Microsoft invested $16 million in Mistral AI, partnering to make the French start-up's artificial intelligence models available through its Azure platform. It has also invested in ChatGPT owner OpenAI.
EU warns Microsoft to give Bing AI risk data or face fines
The EU has identified generative AI as one of the key threats to elections being held across the 27-country bloc June 6-9. Brussels in March pressed Bing, alongside several big digital platforms including Google Search, TikTok and YouTube, about action they have taken to mitigate AI risks.
Amazon to invest $1.3 billion in France, create 3,000 jobs
Amazon's 1.2 billion euros investment in France to create 3,000 jobs, enhance cloud infrastructure for GenAI, support AI startups, and research centers. Plans to expand logistics network for faster, eco-friendly delivery.
EU's Vestager meets French tech firm Mistral AI amid competition concerns
In February, Microsoft invested $16 million in Mistral AI and partnered with them to make its artificial intelligence models available through its Azure platform. It has also invested in ChatGPT owner OpenAI.
Meta reports surge in profit but company's increased spends spook investors
Meta's Q1 profit surged, beating estimates, yet stock slumped post higher expense forecast. Zuckerberg emphasizes long-term investments and positive Meta AI feedback.
Microsoft and Amazon's AI partnerships draw UK watchdog scrutiny
CMA investigates Microsoft-Mistral AI, Amazon-Anthropic partnerships, Open AI collaboration. U.S. FTC orders data from generative AI firms, cloud providers. Report by Shabong, Sandle, Coulter.
Meta's newest AI model beats some peers. But its amped-up AI agents are confusing Facebook users
Meta Platforms introduces advanced AI systems, including the Llama 3 model. Despite limitations, the company aims to develop smarter chatbots and envisions AI as the most useful assistant in the world.
France's Mistral AI seeks funding at $5 billion valuation: report
French startup Mistral AI engages investors for funding at a $5 billion valuation, facing EU scrutiny over partnership with Microsoft and revenue generation, post raising $415M in December.
Race for AI isn't zero-sum, says Amazon cloud boss
As Google races with Microsoft and OpenAI to create world-changing generative artificial intelligence, some critics see Amazon as lagging behind. Microsoft and Google compete with their in-house, AI-infused digital assistants to help with creating content -- emails, presentations, ads -- and applications (especially chatbots).
Meet Devika, India’s first AI engineer who can do it all
Devika, India's AI engineer, competes with US's Devin using LLMs. It assists developers, plans to add multimodal features. Mufeed, a cybersecurity enthusiast, founded Lyminal, Stition, focusing on CodeSentry for automated secure operations.
Elon Musk's xAI to enable chatbot Grok for all premium subscribers of X
As more advertisers move away from the microblogging platform, Musk has stressed reducing the company's reliance on advertising and has turned his focus to more attractive subscription plans.
SoftBank explores investment in France's Mistral AI: report
Japan's SoftBank Group is exploring a potential investment in France's Mistral AI, Bloomberg News reported on Thursday, citing people familiar with the matter.
French startup Mistral AI vows to maintain open source
French startup Mistral AI, a rising star in artificial intelligence, pledged Tuesday to maintain open source coding even as it launches into a venture with Microsoft that involves selling some of its software. Mistral Large, which Mistral says is comparable to OpenAI's GPT-4, is now available on Microsoft's platform Azure AI. At the time, Mistral's co-founder Arthur Mensch, told French daily Le Monde that he was not abandoning open source despite selling its software through the US tech giant.
France had no prior knowledge of Microsoft's Mistral AI deal, official says
Earlier this week, Microsoft said it had made a 15-million euro ($16 million) investment in Mistral, and would soon make the Paris-based company's AI models available via its Azure cloud computing platform.
Microsoft's deal with Mistral AI faces EU scrutiny
Throughout negotiations of the AI Act, Mistral lobbied for looser rules for some models, with advocates warning that strict rules risked undermining European companies' ability to compete with big tech.
ETtech Explainer: All you need to know about OpenAI’s rival Mistral AI
Microsoft partners with Mistral AI, enabling Mistral's AI models to run on Microsoft's Azure cloud computing platform. Mistral 8x7B model surpasses GPT 3.5 and Llama 2 on performance benchmarks, reducing deployment costs. Mistral raised $415 million in funding.
Microsoft partners with OpenAI's French rival Mistral
The multi-year deal signals Microsoft's efforts to offer a variety of AI models beyond its biggest bet in OpenAI as the tech giant seeks to attract more customers for its Azure cloud services.
How small language models offer clues on customer psyche
A few local companies are working on developing small language models (SLM), which are trained on smaller datasets and have limited capabilities than large language models, because they meet their domain-specific requirements at a lower cost.
Mistral AI unveils groundbreaking LLM model
Mistral claims the new large language model surpasses the capabilities of Open AI’s GPT 3.5 and Meta’s Llama 2 on several performance benchmarks.
French AI startup Mistral AI raises 385 million euros
Among European AI firms, only Germany's Aleph Alpha has brought in as much funding, raising nearly 500 million euros in early November.
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